The furlough and self-employment schemes have been a lifeline for thousands of people and businesses in Bexley.
Old Bexley and Sidcup has received unprecedented economic support to protect jobs and businesses during the Coronavirus outbreak. 9,900 jobs have been protected through the Coronavirus Job Retention Scheme, with Government grants covering 80 per cent of people’s wages, up to £2,500 a month.
3,800 self-employed people in Old Bexley and Sidcup are receiving grants worth a total of £13,200,000 from the Government to help with the impact of Coronavirus.
The Government’s top priority has always been to support people, protect jobs and businesses through this crisis, and the furlough and self-employment schemes have been a lifeline for millions of people and businesses across the country.
James underlined the direct impact of Government support schemes in Bexley during an online business presentation to local businesses organised by Sidcup based accountancy firm McBrides, highlighting that the Government are now paying the wages of 8.9 million people nationally, of which 26,600 are in Bexley. This is alongside Virtual Bexley Business Briefings that James has hosted during Covid-19 where local businesses have expressed their positive experiences of accessing the Government support through the pandemic which has provided a lifeline to enable them to maintain their staff.
Commenting, James said:
“I have remained in contact with constituents and businesses throughout Covid-19 and recognise that this is a hugely challenging time for them. I am therefore pleased that the Government’s schemes have helped to protect the livelihoods of thousands of people in Old Bexley and Sidcup.”
“This country has a world-leading economic response to coronavirus. And as we move through the second stage of our roadmap to recovery, we are determined to kick-start the engine of our economy while continuing to provide flexible support to those who need it.”
“We will do everything we can to ensure people can pay their bills and put food on the table –as people continue to stay alert, to control the virus and save lives.”