£30billion! Our Plan for Jobs

The Chancellor, Rishi Sunak has today unveiled the Government Plan worth £30 billion for jobs to re-energise the economy following the coronavirus pandemic. That is on top of the £160 billion already spent by our UK Government to protect jobs and livelihoods - not including loans and tex deferrals

DISCLAIMER: Some of the measures announced below do not apply to Scotland and will require the Scottish Government to match the commitments made by the Chancellor to businesses and workers in Scotland. The Scottish Government will receive £800 million to cover those commitments as a result of today's announcement.

We want to reward employers who successfully bring staff back from furlough.

If you bring back someone who was furloughed - and continuously employ them through to January we'll pay you a Job Retention Bonus of £1,000 per person. #PlanForJobs pic.twitter.com/j4UnLpz1xs

— Rishi Sunak (@RishiSunak) July 8, 2020

2/ The Kickstart Scheme will directly pay employers to create new jobs for any 16-24 year old at risk of long-term unemployment.

We will pay young people’s wages for six months, plus an amount to cover overheads. That means, for a 24-year-old, the grant will be around £6,500.

— Rishi Sunak (@RishiSunak) July 8, 2020

We are doubling the number of work coaches at a cost of nearly £900m this year.

Work coaches are the first point of contact for someone who loses their jobs and comes for help. They provide invaluable personalised support to help people work. #PlanForJobs pic.twitter.com/PNTguyF2Lf

— Rishi Sunak (@RishiSunak) July 8, 2020

We're reducing VAT to 5% for goods and services supplied by the tourism and hospitality sectors.

This is a £4bn catalyst benefiting over 150,000 businesses, and consumers everywhere - all helping to protect 2.4 million jobs. #PlanForJobs pic.twitter.com/B9LKptz4Qy

— Rishi Sunak (@RishiSunak) July 8, 2020

To support restaurants and the people who work in them we’re saying ‘Eat Out to Help Out’.

So for the month of August we will give you a 50% reduction, up to £10 per head, on sit-down meals and non-alcoholic drinks Monday-Wednesday. #PlanForJobs pic.twitter.com/D6eznIDjqC

— Rishi Sunak (@RishiSunak) July 8, 2020    

 

You can read the Chancellor's full statement on this page

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Chancellor economic announcement 8 July 2020 190.47 KB