Chancellor Announces Business Support In The Face Of Omicron
So many cancellations, so many employees off ill ...
Posted by Roger Eddowes on 23/12/2021 @ 8:00AM
Small and medium-sized businesses will now be able to claim from the Government to cover any Statutory Sick Pay being paid to employees because of Covid ...
The Chancellor has put aside £1billion for businesses in the hospitality and leisure sector!
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The Chancellor, Rishi Sunak, has reintroduced the SSP Rebate Scheme which closed at the end of September 2021. This is part of a raft of new measures in support of businesses affected by the Omicron wave of infections.
"Statutory Sick Pay (SSP) of £96.35 a week is
normally paid by employers!"
Business owners across the country were panicking about the fresh Omicron wave and how they were going to fund SSP to any employee off ill with a Covid infection. The SSP Rebate Scheme means any business with less than 250 employees can claim SSP for any Covid-related absences, for up to two weeks per employee.
Employees must self-isolate for four days before becoming eligible for SSP and should be paid for every day of that self-isolation. Self-employed individuals are not eligible, but casual and agency staff are.
"Rishi Sunak also announced grants for the Hospitality sector!"
The Chancellor has put aside £1billion for businesses in the hospitality and leisure sector who are seeing mass cancellations in the face of Omicron. There's also £30million for theatres and museums that may need to close due to staff shortages.
It will be interesting to see if Furlough and SEISS restart if a lockdown is announced after Christmas and whether businesses will be able to top up their Bounce Back Loans.
At least Boris has saved Christmas for us, so have yourselves a very merry day!
Until next time ...
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About Roger Eddowes ...
Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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