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 Oct/Nov 20

PSE Oct/Nov 20

Retrofit for sustainability

Click here to read the Oct/Nov issue of our PSE magazine, which looks forward to focus on what can be done to overcome the challenges facing our economy, our environment and our homes. Read in-depth analysis from a range of experts from Mayor of Liverpool Joe Anderson through to the Northern Housing Consortium’s Tracy Harrison.

Videos...

View all videos
Goss

Win a £50 Amazon Voucher

What are your digital transformation plans?

Have you got 2 minutes to talk to us about your digital transformation plans?

We want to know if the Covid-19 pandemic has accelerated or disrupted your plans for digital self-service.

Take our short survey, to thank you for your time we'll enter you into a prize dar to win a £50 Amazon Vocuher.

Magazine Feature

How to motivate the unmotivatable

Turning laggards into lemons. Stephen Bahooshy MCMI, Children & Adults' Services, Local Government.

Every workplace has them. They are the people that seem to be unwilling or unable to complete a task even remotely outside the remit of what they consider to be their role.

More articles...

View all