The government has extended the vacation program for UK small business owners to 80 percent of the wages for days off.
The UK Extended Vacation Program runs through Wednesday December 2nd and covers 80 percent of wages for hours not worked due to mandatory lockdown, up to a maximum of £ 2,500.
Companies are only asked to pay social security and employer pension contributions, which for the average entitlement are only 5 percent of total employment costs.
Employees can be granted leave of absence either full-time or part-time.
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Small businesses that are forced to close during the month-long UK lockdown can also apply for grants of up to £ 3,000 per month per location per month.
- For properties with a pro rata value of £ 15,000 or less, the grant is £ 1,334 per month or £ 667 per fortnight
For properties with a pro rata value between £ 15,000 and £ 51,000, the grant is £ 2,000 per month or £ 1,000 per fortnight
- For properties with a pro rata value of £ 51,000 or more, the grant is £ 3,000 per month or £ 1,500 per fortnight.
In addition, a further £ 1.1 billion will be distributed in one-off payments to local authorities to support businesses in need.
You can find detailed information on expanding the holiday program here.
Prime Minister Boris Johnson announced the surprise national lockdown in England on Saturday night after his hand was forced by news of the impending press shutdown.
And Cabinet Secretary Michael Gove has already said the UK national lockdown could be extended beyond December 2nd.
The government was forced to act after the Sage advisory group presented evidence that the pandemic violated the "reasonable worst-case scenario" accepted by the cabinet office. This assumed 85,000 deaths in winter.
England's national lockdown will be a severe blow to many small businesses repeatedly hit by regional restrictions.
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Which companies have to close?
All non-essential businesses, hospitality and leisure businesses will be closed starting Thursday November 5th.
- Not essential retail
- Hairdressers, hairdressers, nail salons, tanning salons
- Pubs, bars, restaurants and hotels
- Cinemas, theaters and other entertainment venues
Which companies can stay open?
- Garden center
- Hardware shops
- Film and television production recordings
The government is making other changes to the Coronavirus Job Retention Scheme