Self-employed: Government Assistance

(asked on 23rd March 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government whether the Coronavirus Job Retention Scheme is weighted for London; and what plans they have for those whose salaries exceed the threshold of the Scheme.

Answered by
Lord Agnew of Oulton
This question was answered on 6th April 2020

The grant provided in the Coronavirus Job Retention Scheme is not weighted for London. Any UK organisation with employees can apply for cash grants of 80% of employees’ wages up to a cap of £2,500 per month.

This grant is not designed to subsidise those on very high wages. The cap of £2,500 per month is above the UK median earnings level.

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