Whoa! Averaging 66,000 Unique Weekly Readers! 

Local NewsNI News

Minister comments on Government decision to pay wages for staff not working

1 Mins read

The Minister for the Economy has welcomed the decision to pay wages for staff not working.

In a statement, Economy Minister Diane Dodds said “The impact of Covid-19 on our businesses is a global economic crisis, the likes of which has never been experienced before. My priority is to mitigate – as best we possibly can – against the worst effects on our communities.

Therefore, I welcome this significant economic support package announced by the Chancellor, in particular the support that it offers our workers.

It is unprecedented in the history of the UK, but extraordinary crises require extraordinary bold action. I have been pushing this issue with Central Government as the policy intervention which has the single greatest impact for our local economy. I am glad that the Government has listened to my call, and that of the many groups representing business, tourism and hospitality in Northern Ireland.

This is a huge crisis for our economy. Many people feared this would cost them their business or their jobs. I welcome the fact that the government is prepared to intervene in this way.

During this week we have seen the increased pressure facing our local businesses and I would urge all our firms to take advantage of the measures announced to support their workers. The coronavirus job retention scheme will provide an income of up to £2,500 a month for those employees not working. It will be backdated to March and will be available in weeks.

The increases to both working tax credit and universal credit by £1,000 per year will also help to protect the most vulnerable in society. Furthermore, I welcome the measures supporting the self-employed providing them with access to universal credit. And I am pleased that the Chancellor has decided to defer VAT payment until the end of June.

These announcements are in addition to the measures we are taking to sustain the livelihoods of families from across our community. We have announced a £10,000 grant for small businesses and a grant of £25,000 to companies in our beleaguered hospitality, tourism and retail sectors. Together, these schemes will inject £370m to support tens of thousands of our most vulnerable businesses to help with cash flow.”

Digital Editorial Team
12643 posts

About author
An article that is attributed to the Causeway Coast Community Team has either involved multiple authors, written by a contributor or the main body of content is from a press release. Got a news-related tip you’d like to see covered on Causeway Coast Community? Email us - [email protected]
Articles
Related posts
Local News

Multi-agency search for high risk missing person

1 Mins read
A multi-agency search is ongoing for a high-risk missing person in the Portrush area. Up to 40 volunteer Community Rescue search technicians,…
Local News

PCSP urges vigilance against modern slavery and human trafficking

1 Mins read
Causeway Coast and Glens Policing and Community Safety Partnership wants to raise awareness about modern slavery and human trafficking. These harrowing issues…
Local NewsNI News

Minute’s silence for Ballymurphy victims

1 Mins read
A minute’s silence was held by members of Derry City and Strabane Council’s Business and Culture Committee to remember the 10 people…