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A healthy credit score has its benefits, so make sure you manage your debt correctly.
Discover the best travel insurance policy for your next trip.
Find current accounts offering in-credit interest rates up to 5.00% AER.
Explore the best cards with a 0% introductory period.
Could the value of your state pension rise by more than inflation?
Will your loved one's gift be tax affected?
Looking for inflation beating returns? Investing in shares could be an option.
At lunchtime, the Chancellor Rishi Sunak announced plans to launch a new job support scheme that will see the Government top up employees’ wages.
The scheme, which is available to all small and medium-sized businesses, as well as larger businesses if they have experienced a drop in turnover, will pay one-third of employees’ wages for the hours that are not worked if the employee works at least a third of their normal hours. This would mean that employees must work a minimum of 33% of their normal hours, for the remaining hours not worked, the government and employer will pay one third of wages each. This will mean that employees working 33% of their hours will receive at least 77% of their pay. The idea behind the scheme is that it will enable employers to retain workers on reduced hours, so that employees are not made redundant.
The Job Support scheme will last for six months and start from November, taking over from the current furlough scheme, which is due to end on the 31 October 2020. It will run alongside the Job Retention Bonus, as well as other initiatives aimed to help get people back into work such as the Kickstart Scheme.
Employees eligible for the Job Support Scheme must be employed to work two-thirds of their normal hours and it is available to anyone who is employment from 23 September 2020.
In his statement, the Chancellor did not provide details about how the Job Support Scheme can be applied for. It could work in the same way as the furlough scheme, which would mean that employees would not have to do anything, but instead it will down to their employer to apply for the scheme.
Yesterday, the Chancellor announced that there would be no Autumn Budget. Many were predicting that the Autumn Budget would involve tax increases to help pay for Government schemes that were announced at the beginning of the nationwide lockdown in March. Instead, the next budget is now set to take place in spring 2021.
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Customers only have until 22 April to take advantage of this deal, unless it’s withdrawn sooner.
Customers only have until 22 April to take advantage of this deal, unless it’s withdrawn sooner.
High interest rates prove effective as inflation slows significantly.
High interest rates prove effective as inflation slows significantly.
Customers only have until 22 April to take advantage of this deal, unless it’s withdrawn sooner.
Customers only have until 22 April to take advantage of this deal, unless it’s withdrawn sooner.
High interest rates prove effective as inflation slows significantly.
High interest rates prove effective as inflation slows significantly.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.