Tag: support

Covid: Uncertainty as industries miss out on job support

Image copyright Getty Images Industries hit hard by the coronavirus pandemic are facing further uncertainty after missing out on help in the chancellor’s new emergency jobs scheme. Hospitality, events and retail workers and businesses have expressed concern, as have those on zero-hours contracts. Rishi Sunak said employees must be in “viable” jobs to benefit from the wage top-up scheme. This… Read more →

Covid-19: New Jobs Support Scheme ‘will not stop mass redundancies’

Related Topics Job Support Scheme (JSS) image captionTourism plays an important part in Scotland’s economy The new Jobs Support Scheme announced by the chancellor will fail to prevent mass redundancies, the Scottish tourism sector has warned. Rishi Sunak said the government would top up the wages of workers in “viable jobs”, with staff getting up to 77% of their normal… Read more →

Jobs Support Scheme: Conor Murphy seeks clarity from Treasury

Image caption Conor Murphy said he would seek clarity from the chief secretary to the Treasury Stormont’s finance minister has said he is seeking “clarity” from the Treasury on a new job support scheme that will replace existing furlough arrangements. Conor Murphy welcomed the fact there was now a plan to support workers when furlough ends on 31 October but… Read more →

Fed vows prolonged economic support for US

Image copyright Reuters The US central bank has pledged to continue its support for the US economy for several years, as households and businesses slowly recover from the impact of the coronavirus pandemic. Most Federal Reserve leaders said they expected to keep interest rates near zero for at least the next three years. Fed Chair Jerome Powell said officials did… Read more →

Irish businesses to receive government support following Brexit

Related Topics Brexit image captionMicheál Martin said Brexit will “continue to be bad” for Ireland, Britain and the EU A range of post-Brexit supports for Irish businesses have been announced by the taoiseach (Irish prime minister). Micheál Martin said Brexit has been and will continue to be bad for Ireland, Britain and the EU. “Even with a [trade] agreement there… Read more →

Coronavirus: NI employers are offered apprentice cash support

Image copyright Getty Images Image caption The number of apprentices in NI has fallen sharply as a result of Covid-19 Employers will be paid up to £3,700 for each apprentice worker they train and retain under a new Department for the Economy (DfE) scheme. Apprentices “earn and learn”, combining on-the-job training with study for a qualification. However, many firms stopped… Read more →

Coronavirus: Rishi Sunak praises support for NI businesses

Image copyright PA Media Image caption The chancellor said almost 26,000 NI firms benefited from more than £1bn of government loan schemes Northern Ireland businesses have received an unprecedented package of support to help them through the coronavirus crisis, the chancellor of the exchequer has said. Rishi Sunak said almost 26,000 NI firms benefited from more than £1bn of government… Read more →

Coronavirus: Chancellor’s Scotland visit to highlight business support

Image copyright Reuters Image caption Rishi Sunak is the fourth UK minister to visit Scotland in recent weeks The chancellor is to visit Scotland later to highlight the benefits of UK government schemes for businesses during the coronavirus pandemic. Rishi Sunak said 65,000 businesses in Scotland had been supported through loan schemes, paying out £2bn. Mr Sunak is the fourth… Read more →