Chancellor of the Exchequer Rishi Sunak has confirmed the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of September and employers will be asked to partially pay towards hours worked from the summer.
Furlough factfile (Image: Express)
“There s all sorts of talk about taxes that might rise, including Corporation Tax but he might be tempted to do some other things as well on wealth taxes and so on.
“And I just think that that would be a mistake and it would be better to focus on growth as far as possible rather than trying to fix the public finances.”
With specific reference to increasing Corporation Tax beyond its current rate of 19 pence in the pound, Mr Jessop explained: “I think it sends a bad signal.
“I don t think it s necessary to raise any sort of tax, including Corporation Tax because I think the economy will rebound strongly and that will fix the public finances without the government needing to raise taxes.
BORIS Johnson must now lead the UK out of the coronavirus pandemic and lift lockdown restrictions as soon as is practical, Tory MP Sir John Redwood has said in reaction to the Chancellor s Budget statement.
Two-thirds of self-employed lose out financially to Covid
Half of parents who work for themselves have lost income because their children are at home instead of school
2 March 2021 • 6:00am
Almost two-thirds of Britain’s self-employed workers are suffering financially from Covid, according to a new study, as the latest lockdown harms their job prospects.
More than half are now earning less than £1,000 per month, the London School of Economics’ Centre for Economic Performance found.
That compares with just under one-third at the start of 2020.
Home schooling also adds to the strain, with just shy of half of self-employed parents reporting that having their children at home has reduced their incomes.
Britain will extend its huge job-protecting furlough programme by five months until the end of September and expand parallel support for the self-employed, finance minister Rishi Sunak is due to announce in a budget speech on Wednesday.