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WORKERS will receive up to two-thirds of the wages paid for the hours they cannot work due to coronavirus in a plan to replace the license.
Rishi Sunak hopes the Work Support Plan will reduce the millions of job losses expected when the leave plan ends.
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He said: “Many businesses are operating safely and viable, but now face uncertainty and reduced demand during the winter months.
“What these companies need is support to get people back to work and to protect as many viable jobs as we can.”
The Chancellor announced the changes as part of his broader Winter Economy Plan in the House of Commons.
Other measures in the support package include delaying the deadline for commercial loan support schemes and an extension of the VAT cut for the hotel industry until March 2021.
The Chancellor announced:
Here is everything you need to know:
What is the Work Support Plan for Workers?
The new Work Support Plan will be available from November 1 and will last for six months.
It will only be available to employees who work less than normal hours due to decreased demand.
Employers will continue to pay staff for the hours they work, but for the hours they have not worked, the government and the employer will pay a third of their equivalent salary.
It means that workers will be paid two-thirds of their wages for the hours they cannot work.
To be eligible, employees must be working at least one-third of their contracted hours and must be paid for those hours in full by their employer.
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The government will then cover a third of the salary they have lost due to the reduction of their hours.
Then your employer will fill in the other third. In total, someone in the scheme will receive 77% of their total salary, according to The Treasury.
The part of the government support will be limited to £ 697.92 per month.
Employees can work more than a third of their contracted hours and still be eligible for the scheme, but the amount the government will pay is reduced.
For example, an employee who works half his normal hours will receive 83% of his total pay package.
The government will cover 17% of your normal salary, while the employer will take care of 67%.
You can see how much you will be paid based on the number of hours you work in the table below.
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Anyone who is employed as of yesterday, September 23, can enroll in the program, and it is open to all small and medium-sized businesses that did not apply for permission before.
Larger companies will only be eligible when their billing has decreased.
Employers who take advantage of the scheme can also claim the £ 1,000 Job Retention Bonus if they keep staff on the job until January 31, 2021.
Staff cannot be laid off or notified of layoff during the period in which their employer requests the subsidy for that employee.
The Workforce Support Program will only help those on the PAYE payroll. The self-employed have been given more time to pay their taxes.
The government has yet to say how much the scheme will cost the taxpayer.
As of September 20, the licensing program has cost the government £ 40 billion.
How can I apply?
It is not yet clear how workers can apply for the extra help, but if it looks like the leave scheme, they won’t have to do anything.
Employers put employees on leave, who would then pay up to 80% of their wages.
Employers were then able to claim the government’s share of wages through their HMRC portal.
What is the Rishi Sunak Job Support Program, who is eligible, and how can I apply?
- To be eligible, employees must be working at least one-third of their contracted hours and must be paid for those hours in full by their employer.
- For the two thirds of the other hours not worked, the Government will pay a third, that is, 22 percent of your total salary.
- The employer must pay the other third. It means that with the third they are already paying, they will have to fork out 55 percent of the total salary.
- The scheme will start on November 1, the day after the other license scheme ends.
- It is open to all small and medium-sized businesses, even if they did not use the licensing scheme beforehand.
- The Employment Support Program will only help those on the PAYE payroll. The self-employed have been given more time to pay their taxes and an additional subsidy.
- Employees likely won’t have to apply, and employers will do the work for them.
- Previously, employers could claim wages from the HMRC portal.
Before joining the plan, employees had to give their consent.
The scheme closed new applicants on July 4. Since then, unlicensed workers have been allowed to return part-time.
Employers have to pay staff in full for the hours they work, and the government covers a portion of their salary for the hours hired for which they were suspended.
To be eligible for the plan before, the staff could not perform any workers for their employer.
When will furglough end?
The license plan has been canceled since July and will end entirely on October 31.
When it was first launched in March, the government covered up to 80% of staff salaries plus their contributions to national insurance and pensions.
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It was then up to the employers if they increased the salaries of the employees to 100%.
Starting in August, companies were asked to pay the national insurance bill and pension contributions, while starting in September the government subsidy was reduced to 70% of salary.
The amount covered by the state will drop again from October 1 to 60% before the support is completely withdrawn at the end of the month.
The completion of the scheme is expected to lead to massive layoffs as companies seek to shed overhead while struggling to survive.
Can I get fired if I’m on leave?
ALTHOUGH the leave is designed to keep workers employed, unfortunately it does not protect you from being fired.
But it doesn’t affect your severance pay rights if you’re fired from your job amid the coronavirus crisis.
Your employer should still go through a fair termination process.
You will have the right to be consulted about the dismissal for dismissal first and to receive payment for legal dismissal, provided that you have worked somewhere for at least two years.
The amount you are entitled to depends on your age and length of service, although it is limited to 20 years. You’ll get:
- Half-week pay for each full year you were under the age of 22,
- One week’s pay for each full year that you were 22 or older, but less than 41,
- One-and-a-half week pay for each full year that you are 41 or older.
Unfortunately, you will not be entitled to a payment if you have worked for your employer for less than two years.
There should be a collective consultation period, as well as a time for individual ones if your employer wants to fire 20 or more employees within 90 days or each other.
You also have the right to appeal the decision alleging wrongful termination within three months of your dismissal.
If you are laid off after your company has passed into management, you can claim severance pay via Gov.uk.
Unions and organizations have been urging the government to rethink plans to end the scheme to avoid a second wave of job cuts.
More than 430,000 jobs have been lost as a result of the pandemic, mainly in the street and travel industries.
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Both sectors have been the most affected by the blockade and restrictions to limit the spread of the virus.
Pubs have received a 10pm curfew that could last up to six months.
Meanwhile, Premier Inn has announced that it will cut 6,000 jobs as a result of the pandemic.
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