Posted: 09/10/20 by Milton Keynes Chamber of Commerce Ltd
Employees who work for UK firms forced to shut by law because of coronavirus restrictions are to get two-thirds of their wages paid for by the government.
The scheme will begin on 1 November and run for six months, with a Treasury source saying it could roughly cost hundreds of millions of pounds a month.
Chancellor Rishi Sunak said it would be a safety net for staff and businesses.
A restrictions update, which could see pubs and restaurants shut in the worst-affected areas, is expected on Monday.
Shadow chancellor Anneliese Dodds said Mr Sunak’s “delay in delivering support has caused unnecessary anxiety and job losses”.
Regional leaders have called for more help for struggling firms.
The support will be reviewed in January. Until November businesses that are asked to close can continue to use the furlough scheme.
The grants will be paid up to a maximum of £2,100 per employee a month and the Treasury said they will protect jobs and enable businesses to reopen quickly once restrictions are lifted.