PENRITH & THE BORDER BENEFITS FROM UNPRECEDENTED MEASURES ANNOUNCED BY THE CHANCELLOR

PENRITH & THE BORDER BENEFITS FROM UNPRECEDENTED MEASURES ANNOUNCED BY THE CHANCELLOR

 

  • The furlough and self-employment schemes have been a lifeline for millions of people and businesses in the UK.
  • The Coronavirus Job Retention Scheme has supported nearly 9 million jobs, at a value of £20 billion, benefitting over a million businesses.
  • More than 2 million self-employed people are receiving support through the Self-Employment Income Support Scheme.
  • Figures for Penrith and The Border show that 11,600 jobs have been protected through the furlough scheme. There are also 4,300 self-employed people benefitting from £12.4 million of support. 

Penrith & The Border has received unprecedented economic support to protect jobs and businesses during the Coronavirus outbreak. 11,600 jobs have been protected through the Coronavirus Job Retention Scheme, with Government grants covering 80 per cent of people’s wages, up to £2,500 a month.

4,300 self-employed people in Penrith & The Border are receiving grants worth a total of £12.4 million from the Government to help with the impact of Coronavirus.

Across the North West, people and businesses are benefitting from the Chancellor’s world-leading economic support:

  • 828,900 people have been supported through the furlough scheme.
  • 224,000 self-employed people are receiving grants worth £594 million thanks to the Self-Employment Income Support Scheme.

The Government’s top priority has always been to support people, protect jobs and businesses through this crisis, and the furlough and self-employment schemes have been a lifeline for millions of people and businesses across the country.

Commenting, Dr Neil Hudson MP said:  

“This remains a hugely stressful and challenging time for people and businesses, and the Government’s schemes have helped to protect the livelihoods of thousands of people in Penrith & The Border.

“This country has produced an unprecedented and welcome economic response to the Coronavirus pandemic. And as we move through the next stage of our roadmap to recovery, we are determined to kick-start the engine of our economy while continuing to provide flexible support to those who need it.

“The Government will do everything it can to ensure that businesses can enter the next stage, people can pay their bills and provide for their families.”

The Chancellor of the Exchequer, Rishi Sunak, said:  

“Our economic response to coronavirus was designed to keep people in work, protect people’s incomes, and support businesses. These measures have been on a scale unmatched by any government in recent history. All to give us the best chance of recovering quickly as the economy reopens.

“Now our energies are focused on getting people back to work safely, growing the economy and ensuring people can thrive in the new post-Covid world.”