Market news
24.09.2020, 11:07

UK's finance minister announces new jobs support scheme

  • The main goal is to support jobs, but we need to change how we do this
  • As the economy reopens, it is fundamentally wrong to keep furlough scheme
  • Under new jobs support scheme, government will directly support wages of people in work
  • This will help companies employ people on shorter hours, instead of laying them off
  • The scheme will support viable jobs
  • Employees must work at least a third of normal hours
  • Government will increase wages to cover two thirds of lost pay
  • The scheme will run for about 6 months
  • Self-employed grant will be extended on similar terms as jobs support scheme
  • Introduces 'pay-as-you-grow' scheme
  • Bounce back loans extended from 6 years to 10 years
  • Businesses can choose to make interest-only payments now
  • To extended deadline of all loan schemes until the end of the year

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location