(Information updated on 28 September) The Chancellor announced on 24 September further support for jobs, with a new Job Support Scheme (JSS) to be introduced from 1 November which will run for six months. The JSS has been designed to…
Today Chancellor Rishi Sunak set out his plans to help businesses and employees as the economic impact of the Covid-19 pandemic continues into the winter months. So what are the key points of his Winter Economy Plan? Job Support Scheme…
From my initial reading of the material released for the ‘Winter Economy Plan’, there were two categories of announcements made in connection with Coronavirus Loan Schemes. Extension to application dates The closing date for the three Coronavirus business interruption loan…
As part of the summer economic statement on 8 July 2020, Rishi Sunak announced changes to temporarily extend the 0% stamp duty land tax (SDLT) band on purchasing residential property (see my earlier blog here). These changes apply to SDLT…
The Chancellor’s summer economic update contained targeted measures aimed at supporting tourism and hospitality businesses as they get back on their feet after lockdown. The temporary VAT reduction to 5% is clearly very welcome for the leisure and tourism industry,…
The Chancellor has announced a temporary cut in the VAT rate to 5% for certain supplies in the leisure and tourism sector. The aim of the change is to boost the economy and encourage consumer spending in the sector. However…
Whilst the South West has so far had relatively little incidence of Covid-19, it is forecast to be financially one of the worst affected parts of the UK. In part this is due to the dependence of the economy on…
The most generous of the schemes announced in the summer economic update is the Kickstart Scheme. This has been designed to help 16- to 24-year-olds into work through the creation of high quality six-month work placements. The success of the…
As widely anticipated, in a move to boost confidence in the property market and increase momentum in property transactions, Rishi Sunak has today announced temporarily reduced rates of Stamp Duty Land Tax (SDLT) on residential property purchases. The key measures…
A third iteration of support to employers who have furloughed employees and accessed the Government’s job retention scheme has been announced. This latest announcement has been designed to help mitigate the potential job loss cliff edge anticipated when the scheme…
