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UK Winter Economy Plan Including New Jobs Support Scheme and Extension of VAT Cut for the Hospitality and Tourism Sectors

28 September 2020

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Approved Changes

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United Kingdom

UK Chancellor of the Exchequer Rishi Sunak delivered his speech on the Winter Economy Plan on 24 September, which includes additional government support to provide certainty to businesses and workers impacted by the COVID-19 pandemic. The package includes new Jobs Support Scheme, as well as an extension of the Self Employment Income Support Scheme and 15% VAT cut for the hospitality and tourism sectors, which are summarized in an outline of the plan as follows: --- Support for workers A new Job Support Scheme will be introduced from 1 November to protect viable jobs in businesses who are facing lower...