• Furlough will continue until September, with no change of terms. After July, businesses will be asked for a 10% contribution, rising to 20% in August and September.
  • Support for the self-employed will also continue until September. 600,000 self-employed people excluded from the government’s support package so far will be able to claim direct cash grants as part of an extension to the SEISS.
  • The National Living Wage will rise to £8.91 from April
  • The 5% reduced rate of VAT will be extended for six months to 30 September followed by interim rate of 12.5% for another six months. The standard rate will not return until April next year.
  • Contactless Payment – From today, the maximum amount that can be paid through contactless payment will be raised from £45 to £100.
  • Alcohol Duty – No increases this year
  • Fuel Duty – No increases this year
  • Help to Grow: Management – The government will offer a new UK-wide management programme to upskill 30,000 SMEs in the UK over three years. The programme will be over 12 weeks, and 90% subsidised by government.

About Eirlys Jones

Eirlys is the Head of Operations at North Wales Tourism and can be contacted at eirlys.jones@gonorthwales.org.uk or connect with her on LinkedIn you can also follow her on Twitter @EirlysJones5