Today, the Chancellor announced our plan for jobs – as he made an Economic Statement to Parliament - setting out measures to get the economy moving again as we enter the coronavirus recovery phase. This includes:
👷 A Jobs Retention Bonus Scheme – Incentivising employers who successfully bring furloughed staff back to work with a one-off payment of £1,000 per employee.
✂️ A temporary cut in VAT for the tourism and hospitality sectors from 20% to 5% until January, essential for our part of the country. With up to 665 businesses benefiting in Suffolk Coastal.
🥗 A new Eat Out to Help Out scheme – something that has never been done in this country before – giving people up to 50 per cent off meals out, encouraging them back into restaurants, cafes and pubs.
🏡 Temporarily scrapping stamp duty on all homes under £500,000 to catalyse the housing market and boost confidence.
🌳 Upgrading the energy efficiency of homes across England through a new Green Homes Grant, saving people hundreds of pounds on their energy bills, while helping to meet our goal of Net Zero by 2050.
🏘 Launching a pilot to decarbonise social housing, reducing energy bills by an average of £200 for some of the poorest households in society.
🏢 Providing £1 billion to improve the energy efficiency of public sector buildings, helping to deliver on our ambitious climate change targets. The scheme will offer grants to public sector bodies including schools and hospitals to fund both energy efficiency and low-carbon heat measures.
👩💼Creating hundreds of thousands of new jobs for young people through a new £2 billion Kickstart Scheme, to give young people the best possible chance of getting a job. The scheme will directly pay businesses to create new, decent and high-quality jobs for any 16-24 year old at risk of long-term unemployment.
💷 Paying businesses £1,000 to take on Trainees, with triple the number of places there are now, to get young people ready for work.
🔧 Providing £2,000 to employers for each new apprentice they hire under the age of 25, helping more people into the workplace while developing key skills.
👩🏫Doubling the number of work coaches through Job Centre Plus to 27,000.
🧑💻Creating an Opportunity Guarantee so every young person has the chance of an apprenticeship or an in-work placement.
