Reward Strategy. Incoporating Payroll World.
Hello there,

You are viewing this article as a guest, please login or register to read more. 

Employees to be offered mortgage holidays

Employees who face financial hardship as a result of COVID-19 will be offered a three-month holiday from paying their mortgages, chancellor Rishi Sunak has pledged.

TwitterLinkedInFacebook

As part of the government’s daily updates on the pandemic, yesterday (March 17) Sunak reiterated improvements announced in the budget to statutory sick pay, along with employment and support allowance.

 

He also pledged £330bn of government-backed loan and guarantees, in an additional coronavirus support package, to help support businesses.

 

Under the updated plans, all pubs, restaurants and shops in the hospitality and retail industries will pay no business rates for 12 months.

 

Cash grants of up to £25,000 for small businesses will also be made available to businesses with a rateable value of less than £51,000.

TwitterLinkedInFacebook
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

You might also like

How to achieve global efficiency during COVID-19

How to achieve global efficiency during COVID-19


BANG HEAD HERE

BANG HEAD HERE


Why payroll is the heart of any company 

Why payroll is the heart of any company 


Employers to receive bonus for furloughed workers kept on

Employers to receive bonus for furloughed workers kept on

LATEST PAYROLL AND REWARDS NEWS IN YOUR INBOX

Reward Strategy homepage
Reward Strategy RSS

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

reward-strategy.com - an online news and information service for the UK’s payroll, reward, pensions, benefits and HR sectors. reward-strategy.com is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Reward Strategy is committed to diversity in the workplace.
© Copyright Shard Financial Media Ltd