601
I was honoured to be at the Cenotaph this morning to show my gratitude for the brave men and women who sacrificed so much in the service of their country.
You will never be forgotten. #RemembranceSunday
602
Taken 32 years but worth the wait.
Now let’s hope it lasts 😬
603
The upfront guaranteed funding for the devolved administrations is increasing from £14bn to £16bn.
This Treasury is, has been, and will always be, the Treasury for the whole of the United Kingdom.
604
We’re increasing the support for millions more workers through the Self-Employment Income Support Scheme.
The third grant covering November to January will now be calculated at 80% of average trading profits, up to a maximum of £7,500.
605
To give people across the UK certainty over the winter, I can announce today that the furlough scheme will not be extended for one month – it will be extended until the end of March.
Employees will receive 80% of their usual salary for hours not worked, up to £2,500 a month.
606
More businesses can now benefit from our Bounce Back Loan scheme.
The deadline for applications has been extended to the end of January, while firms can top-up existing Bounce Back Loans if they need additional finance.
Read about today’s changes here: gov.uk/government/new…
607
To help more businesses access additional support, deadlines for applications to our government-backed loan schemes and the Future Fund have been further extended until 31 January 2021.
608
1/ We're increasing the support to the self-employed from 40% of trading profits to 80% for November.
SEISS is calculated over 3 months so this increases the total grant from 40% to 55% of trading profits for November to January and the max grant increases to £5,160.
609
In Wales🏴alone:
We've provided an additional £4.4bn to help with COVID.
We're protecting over 68,000 jobs with a peak of 378,400 in June.
Helped 82,000 self-employed people.
Backed 48,000 Bounce Back Loans.
@hmtreasury is, has and will always be for the whole of the UK. twitter.com/SkyNews/status…
610
🆕Mortgage payment holidays will no longer end on 31 October.
Borrowers impacted by COVID who haven't had a mortgage holiday will be entitled to a 6-month break.
If you've already started a mortgage holiday you can top up to 6 months without it being recorded on a credit file. twitter.com/TheFCA/status/…
611
Read more about today's announcement here 👇 twitter.com/hmtreasury/sta…
612
Following the PM’s announcement on further restrictions across the country we have decided to extended the furlough scheme for a further month covering 80% of employees’ wages.
613
🗓️The Job Support Scheme begins on 1 November.
🗒️Guidance for the scheme is available now: gov.uk/guidance/check…
615
Enjoyed speaking with India's Finance Minister @nsitharaman today.
Already over 800 Indian companies in the UK employ more than 110,000 people – and by strengthening economic ties between UK & India, we can create and secure even more jobs.🇬🇧🇮🇳 gov.uk/government/new…
616
On 25 November I will deliver the 2020 Spending Review alongside the OBR forecast, setting out spending plans for the next year so we can continue to prioritise our response to Covid-19 and protect jobs. #PlanForJobs
gov.uk/government/new…
617
Today we go further.
Read more about the significant increase in the generosity and reach of our winter support schemes here: gov.uk/government/new…
618
We're doubling self-employed grants from 20% to 40%, meaning the maximum grant will go up from £1,875 to £3,750.
Grants are available for all self-employed people (all tiers) who've stopped trading or have a significant fall in trade, with two further payments to come.
619
We're making the Open Job Support Scheme more generous to protect jobs during lower demand.
- Government now pays at least 62% for hours not worked
- Employer contribution cut from 33% to 5%
- Employees now take home at least 73% of pay for working a new minimum 20% of hours
620
In businesses legally required to close, as I’ve already announced, employers will pay people two thirds of their normal salary where they can’t work for a week or more; and the government will cover 100% of those costs.
621
1/ I’m introducing a new grants scheme for businesses impacted by Tier 2 restrictions, even if they aren’t legally closed.
I’m providing enough funding to give every business in hospitality, leisure & accommodation a grant worth up to £2,100 every month Tier2 restrictions apply.
622
I have seen first-hand the contribution made by ethnic minority communities to Britain’s history. That is why I backed the “We Too Built Britain” campaign and requested that the @RoyalMintUK introduced this new coin to celebrate it.
Read more: gov.uk/government/new…
623
The film & TV industry supports over 180,000 jobs contributing £12bn+ to the economy annually but most of this is paused due to a lack of covid-related insurance.
Today we fix that with a new insurance policy helping people in the Arts get back to work. bit.ly/351kujz
624
1/ I wanted to take a moment to explain how the Job Support Scheme compares to other countries and how it interacts with UC.
JSS not only supports people by paying 2/3 of their salary but for many the remaining drop in earnings will be covered by the welfare system - up to 90%.
625
We can’t just let the virus take hold. But nor can we blithely fall into another national spring-style lockdown, as the opposition now want to do, without trying everything possible first.
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).