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1/ The Job Support Scheme will directly support the wages of people in work, giving businesses who face depressed winter demand the option of keeping employees in a job on shorter hours rather than making them redundant.
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2/ The scheme will support viable jobs so 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬 𝐦𝐮𝐬𝐭 𝐛𝐞 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐚𝐭 𝐥𝐞𝐚𝐬𝐭 𝐚 𝐭𝐡𝐢𝐫𝐝 𝐨𝐟 𝐭𝐡𝐞𝐢𝐫 𝐧𝐨𝐫𝐦𝐚𝐥 𝐡𝐨𝐮𝐫𝐬 and be paid for that work, as normal, by their employer.
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3/ The government, together with employers, will increase those people’s wages 𝐜𝐨𝐯𝐞𝐫𝐢𝐧𝐠 𝟐/𝟑 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐚𝐲 𝐭𝐡𝐞𝐲 𝐡𝐚𝐯𝐞 𝐥𝐨𝐬𝐭 by reducing their working hours.
The employee will keep their job. Anyone who as of yesterday is employed is eligible.
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Throughout this crisis, we have ensured parity between employees and the self-employed.
So to support self-employed traders through the winter I am extending the existing self-employed grant on similar terms and conditions as the new Jobs Support Scheme.
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1/ Bounce Back Loans have given over a million small businesses a £38 billion boost to survive this pandemic.
To give those businesses more time and greater flexibility to repay their loans, we’re introducing 𝐏𝐚𝐲 𝐀𝐬 𝐘𝐨𝐮 𝐆𝐫𝐨𝐰.
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To give businesses longer to apply for all of our loan schemes, I am extending all the deadlines to the end of the year.
We are starting work on a new, successor loan programme, set to begin in January.
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1/ Nearly half a million businesses deferred more than £30 billion of VAT this year.
Those payments are all due in one lump sum in March. Instead, I’m allowing businesses to 𝐬𝐩𝐫𝐞𝐚𝐝 𝐭𝐡𝐞𝐢𝐫 𝐕𝐀𝐓 𝐛𝐢𝐥𝐥 𝐨𝐯𝐞𝐫 𝟏𝟏 𝐫𝐞𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬, with no interest to pay.
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Any of the millions of self-assessed income taxpayers who need extra help, can also now extend their outstanding tax bill over 12 months from January.
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To support more than 150,000 businesses and protect 2.4 million jobs through the winter we are 𝐜𝐚𝐧𝐜𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐥𝐚𝐧𝐧𝐞𝐝 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐕𝐀𝐓 for hospitality and tourism.
We will keep the lower 5% VAT rate until March 31st next year.
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Read more about today's Winter Economy Plan here:
gov.uk/government/top…
I will be taking questions from journalists live from 3pm.
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Today’s measures mark an important evolution in our approach.
Our lives can no longer be put on hold. Click below to read more about the Winter Economy Plan.
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Get a £5,000 Green Homes Grant voucher and save money on your energy bills.
Make your home greener and cheaper to run whilst supporting 100k green jobs across the UK this winter.
Apply now: greenhomesgrant.campaign.gov.uk
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Great to see @asda returning to majority UK ownership for the first time in two decades today.
The new owners have already committed to investing over £1 billion in the next three years and increasing the proportion of UK-based suppliers. I wish them the best of luck. twitter.com/BBCNews/status…
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Watch my Conservative Party Conference speech live here👇
pscp.tv/w/ckmjXjFQbUtx…
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I am committing myself to a single priority – to create, support and extend opportunity to as many people as I can.
Read my full conference speech here: conservatives.com/news/rishi-sun… #CPC20
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An earlier @ITVNewsPolitics tweet falsely suggested I thought people in arts should retrain and find other jobs.
I'm grateful they have now deleted that tweet. I care deeply about the arts which is why our £1.57bn culture package is one of the most generous in the world. twitter.com/itvnews/status…
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Freeports will create national hubs for trade, innovation and commerce, regenerating communities across the UK and supporting jobs.
Today we set out further details around how we will create a number of new innovative Freeports. Read more: gov.uk/government/new…
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To people concerned by inaccurate reports that I told musicians to retrain... here’s the transcript. I did not say it and I do not think it.
Musicians don't need to retrain. When it's safe, venues need to reopen. That's why we've created a £1.57bn package to protect the arts.
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1/ I’m announcing today that I’m expanding the Jobs Support Scheme.
Where the coronavirus restrictions legally require business premises to close, in any region or nation of the UK, we will help pay employees’ wages.
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✅ Job Support Scheme to be expanded to closed businesses
✅ Government will pay two-thirds of employees’ salaries to protect jobs
✅ Bigger cash grants for businesses required to close
Read more about today’s announcement: gov.uk/government/new…
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Today the Cultural Recovery Fund awards its first round of funding to 1,385 organisations.
Spanning theatre, dance, music and more the awarded amount is over £250million.
This will help protect the arts and save jobs. See the full list: bit.ly/33QspAX #HereForCulture
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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.
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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%.
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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
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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…
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).