Plan for Jobs
Plan for Jobs
The Government's 'Plan for Jobs' aims to help UK recovery by supporting, creating and protecting jobs.
- Job Retention Bonus. UK Employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021.
- Kickstart Scheme. A new £2 billion Scheme will also be launched to create hundreds of thousands of new, fully subsidised jobs for young people across the country. Those aged 16-24, claiming Universal Credit and at risk of long-term unemployment, will be eligible. Funding available for each six-month job placement will cover 100% of the National Minimum Wage for 25 hours a week – and employers will be able to top this wage up.
- A total of £1.6 billion will be invested in employment support schemes, training and apprenticeships. as part of this plan, businesses will be given an additional £2,000 for each new apprentice they hire under the age of 25.
- £8.8 billion of work on new infrastructure, decarbonisation and maintenance projects will be brought forward. As part of this package homeowners and landlords in England will be able to apply for vouchers from a Green Homes Grant scheme this year to pay for green improvements such as loft, wall and floor insulation. This plan also includes a programme to fund green improvements to public buildings, including schools and hospitals and a plan to carry out work on local roads.
- Eat Out to Help Out discount scheme will provide a 50% reduction for sit-down meals in cafes, restaurants and pubs across the UK from Monday to Wednesday every week throughout August 2020. This scheme has now finished.
- The rate of VAT applied on most tourism and hospitality-related activities will also be cut from 20% to 5%.
- Temporary increase to the Nil Rate Band of Residential SDLT (Stamp Duty) from £125,000 to £500,000 until 31 March 2021. In England and Northern Ireland nearly 9 out of 10 people getting on or moving up the property ladder will pay no Stamp Duty.