Job Support Scheme extended by Rishi Sunak

Chancellor announces £22 billion package of aid for businesses affected by new covid restrictions. Rishi Sunak promised grants of up to £2,100 a month for ‘Tier 2’ companies that are not forced to close but are struggling to be commercially viable. As many as 150,000 businesses could qualify for the payments, which could cost the Treasury £1.2billion. The new Job Support Scheme replaces the furlough and will be extended to firms that are legally allowed to open. It will be more generous allowing employers to pay just 5 per cent of staff wages, while the minimum threshold for hours worked will be reduced to one day. If an estimated two million people enrol, it could cost the Treasury £6billion. Mr Sunak also increased grants for self-employed workers to 40 per cent of the average profits, up to a maximum of £3,750 a month, which could cost about £3billion. Government borrowing was revealed to be running at £1billion a day during the pandemic. More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com By Charles Kelly, Wealth Mentor, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, email me at [email protected] send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com Heal your money wounds the Japanese way with Ken HondaJapan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki