Rishi Sunak

Rishi Sunak announces multi billion pound Plan for Jobs

The Chancellor of the Exchequer has today (July 8) delivered his Summer Economic Update with a package of measures designed to support jobs and boost the UK economy.

It forms the second part of a three-phase plan, with emphasis firmly placed on supporting jobs, by supporting skills and young people with ‘green recovery’ at its core.

A Job Retention Bonus will be introduced to incentivise firms to keep furloughed workers, offering a one-off bonus of £1,000 for each employee who is still employed as of Jan 31 2021.

A £2bn Kickstart Scheme will be launched to create hundreds of thousands of new, fully-subsidised jobs for young people at risk of long-term unemployment.

By giving businesses £2,000 for each new apprentice they hire, investing £111m to triple the scale of traineeships and a further £17m to triple the scale of sector-based work placements, a total of £1.6bn will be invested in scaling up employment support schemes.

The Chancellor of the Exchequer Rishi Sunak said:

“Our plan has a clear goal: to protect, support and create jobs. It will give businesses the confidence to retain and hire. To create jobs in every part of our country. To give young people a better start. To give people everywhere the opportunity of a fresh start.”

£8.8bn of new infrastructure, decarbonisation and maintenance projects will be brought forward to support further job creation, including a £3bn green investment package.

Also included is the £2bn Green Homes Grant scheme to help households make green improvements that are more energy efficient, saving some households hundreds of pounds a year on energy bills and £1bn to make public buildings more energy efficient.

The Chancellor also announced the new Eat Out to Help Out discount scheme, providing a 50% reduction for sit down meals in restaurants, cafes and pubs and cut VAT on most tourism and hospitality-related activities from 20% to 5%.

Image credit: WIktor Szymanowicz/NurPhoto/PA Images

 

PSE June/July Cover

PSE June/July 21

Looking to the future

Our June/July 2021 edition of PSE delves into a number of key issues facing our public sector, including how we rebuild services, the move to a more digital way of working and the growing climate emergency, diving into real-world examples of success from those who are achieving them across our sector.

Videos...

View all videos
#PSE365: Public Sector Decarbonisation

Be A Part Of It!

Save The Date: 9th September 2021
PSE365: Public Sector Decarboniation Event

PSE has created a full calendar of events to address the most important issues that influence the delivery of public sector services. 

Over 365 days you’ll have the opportunity to hear from a range of highly motivating, informative and inspirational speakers. These speakers will equip you with knowledge and unique insight to enable you to overcome the challenges that you face.

Magazine Feature

Keep communities at the heart of planning

Chris Borg, NALC policy manager

Chris Borg discusses the Planning for the Future white paper and explains the importance of residents and local councils having a say when it comes to planning

More articles...

View all