James Brokenshire has welcomed the Plan for Jobs set out by the Chancellor to support, create and protect jobs and businesses across the country and Old Bexley and Sidcup as we emerge from the Coronavirus outbreak.
Since the start of the coronavirus pandemic, the Government has said it will do whatever it takes to protect people and businesses from the immediate economic crisis. As part of this, more than 9,900 jobs have been supported through the Coronavirus Job Retention Scheme, allowing employers to put workers on furlough while the Government supports their wages, in Old Bexley and Sidcup.
The Chancellor has now set out the second phase of the Government’s response, focusing on jobs: supporting people to find the jobs that are out there, creating new jobs through investing in infrastructure, and protecting jobs by revitalising the hard-hit sectors upon which many jobs depend.
As part of this, employers will be encouraged to retain staff who have been on the furlough scheme, with the Government paying a one-off bonus of £1,000 for every employee who was furloughed and who is kept on until January.
Also included in the Government’s £30billion Plan for Jobs:
- A temporary cut in VAT for the tourism and hospitality sectors, to give a much-needed boost to some of the industries hardest hit by coronavirus.
- A new Eat Out to Help Out Scheme, giving people up to 50 per cent off meals out at restaurants, pubs and cafes on Mondays, Tuesdays and Wednesdays in August.
- The temporary removal of stamp duty on all homes under £500,000 until the end of March 2021, to catalyse the housing market.
- A new Kickstart Scheme, which will create hundreds of thousands of new, fully-subsidised jobs for young people.
Commenting, James said:
“I welcome the Chancellor’s announcements with a focus on jobs as we emerge from lockdown. It is right that right that we support people to find the jobs that are out there, create new jobs through investing in our infrastructure and housing and finally protect jobs by revitalising the hard-hit sectors upon which many jobs depend. That is what this next phase of the Government’s economic plan will help achieve.”