Throughout this crisis, our priority has been clear: to protect lives and livelihoods. The Prime Minister has announced new national restrictions that will prevent further spread of the virus.
The Government is announcing that it will:
- Extend the Coronavirus Job Retention Scheme further, until the end of March
- Not pay the Job Retention Bonus in February but instead redeploy a retention incentive at the right time
- Increase the third self-employed grant, covering November to January, from 55% to 80% of trading profits.
- Increase the upfront guarantee of funding for the devolved administrations from £14bn to £16bn, on top of their Spring Budget 20 funding.
The economic support factsheet is available here: NATIONAL RESTRICTIONS: FINANCIAL SUPPORT FOR JOBS AND BUSINESSES - Thursday 5 November
