The Chancellor Rishi Sunak has today announced a package of measures to support jobs in every part of the country, give businesses the confidence to retain and hire, and provide people with the tools they need to get better jobs.
The plan for jobs is part of our plan to secure the UK’s economic recovery from Covid-19. Throughout the pandemic, the UK Government has acted with speed to protect lives and safeguard jobs.
Measures announced today include:
- Job Retention Bonus of £1,000 to employers for every person brought back from furlough.
- A new Kickstarter Scheme to pay employers to create new jobs for any 16-24 year old at risk of long-term unemployment – with an initial £2bn investment & no cap on the number of place available.
- 1,000 for employers to take on trainees, with triple the number of places.
- £32m to recruit careers advisors provide bespoke advice & careers guidance.
- Triple the number of sector-based Work Academy placements, and a guaranteed job interview in high demand sectors.
- 2,000 for every apprentice hired under 25 & a £1500 for every apprentice hired over 25.
- Doubling the number of Work Coaches.
- £2bn for Green Home Grants helping to unlock work for thousands of plumbers, builders & tradespeople. Homeowners will receive vouchers to pay for at least two-thirds of green improvements such as loft, wall & floor insulation.
- A cut in Stamp Duty by increasing the threshold to £500,000 – taking effect today until 31 March next year.
- Reducing VAT to 5% for goods & services provided by the tourism and hospitality sector.
- ‘Eat Out to Help Out’ Vouchers, a 50% reduction, up to £10 per head, on sit-down meals & non-alcoholic drinks Monday-Wednesday.