UK finance minister to extend job support programme

18.12.2020 - Petr Mazaylo
UK finance minister to extend job support programme

Rishi Sunak, Britain’s Finance Minister formally announced on Thursday his plan of extending a job support programme by another month until the end of April. The finance minister also affirmed that COVID-stricken businesses would be offered new COVID loans until the end of March next year.

The news broke out after Sunak announced that he would lay down longer-term plans at an annual budget on March 3, in an effort to lessen public borrowing on track to reach 400 billion pounds this year.

Initially, the new loan guarantee scheme had been due to end on Jan. 31, while the job retention programme was due to end on March 31. Previously, the finance minister drew flak by not offering loans and extensions to the job support programme until it was almost due.

Meanwhile, the British government has aided nearly 10 million jobs since the start of the coronavirus pandemic at a cost of 46.4 billion pounds ($63 billion) in total as of late. It has also given banks guarantees on 68 billion pounds of lending to COVID-stricken firms.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?