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Chancellor announces Plan for Jobs to help Businesses

Chancellor, Rishi Sunak announced a plan for jobs on 8 July 2020. We set out some of the key highlights. Furlough will not be extended: although it seems attractive, it will be worse for the economy to extend it. So, it will end in October 2020. A new policy has been introduced to reward and incentivise employers who successfully bring furloughed staff back – a new Jobs Retention Bonus. As an employer, if you bring someone who was furloughed and you continuously employ them through to January 2021, the Government will…

Jammy and dodgers focus of Hammond’s first and last – Autumn Budget Statement 2016

The first steps towards preparing the UK for a post-Brexit future were announced by Chancellor Philip Hammond in his Autumn Budget statement, with a focus on lower income households and business tax avoidance. The new Chancellor announced a reduced growth target and predicted a tougher economic period during the transition towards Brexit. The target set out by his predecessor to achieve a surplus by 2020 has been set aside, with growth predicted to fall to 1.4% in 2017 and cumulative borrowing over the next five years predicted to be £122bn…

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