Financial Support Package

Published: 01 October 2020

This is the Government’s new financial support package, from November: Similar terms will be extended to self employed people as well.
Measures around the coronavirus loans, tax, and VAT for the most at-risk sectors, are designed to help reduce job-losses, but the Chancellor has said that the priority will be to ‘save viable jobs’.
You can download the Government’s Winter Economy Plan here.
Nothing was said in the Chancellor’s statement about supporting those who have been made redundant, or are experiencing financial hardship, and no confirmation was given about continuing the uplift for Universal Credit.