{"id":4588,"date":"2020-11-05T17:10:58","date_gmt":"2020-11-05T17:10:58","guid":{"rendered":"https:\/\/blogs.gov.scot\/scotlands-economy\/?p=4588"},"modified":"2020-11-05T17:13:49","modified_gmt":"2020-11-05T17:13:49","slug":"finance-secretary-responds-to-the-chancellors-statement","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/scotlands-economy\/2020\/11\/05\/finance-secretary-responds-to-the-chancellors-statement\/","title":{"rendered":"Finance Secretary responds to the Chancellor’s statement"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Responding to today\u2019s statement by the Chancellor on further coronavirus (COVID-19) support, Finance Secretary Kate Forbes said:<\/p>\n

\u201cI welcome the Chancellor\u2019s positive, but long overdue, announcement that the Job Retention Scheme will be extended until March 2021. We have repeatedly urged the UK Government to safeguard jobs by guaranteeing that this support will be available for as long as employers need it.<\/p>\n

\u201cMonths of unnecessary confusion caused by the UK Government means that some employers have already taken the difficult decision to make people redundant because they expected the scheme to be withdrawn.\u00a0 I welcome the Chancellor\u2019s indication that, as in March, employers may be able to bring back people they have made redundant and include them in the furlough scheme, which could go some way to addressing this.<\/p>\n

\u201cI also welcome the extension of the Self-Employment Income Support Scheme for people who are eligible.\u00a0 However, this scheme remains poorly targeted, and offers no relief for people who have become self-employed more recently.\u00a0I call upon the Chancellor to review the entry criteria, as he now has with the Job Retention Scheme, to open up this support to self-employed people who have so far been excluded.<\/p>\n

\u201cThe upfront guarantee of further consequential payments to cover the rest of the financial year meets another of our long term requests and will enable us to quickly tackle the impacts of the pandemic in Scotland as they arise. This covers consequentials arising from a number of areas including health.<\/p>\n

\u201cOther issues remain to be resolved, including how funding is provided for demand-led business support, where demand is greater than the Barnett share, but I am pleased that the Chancellor has today listened to and addressed some of our concerns.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Responding to today\u2019s statement by the Chancellor on further coronavirus (COVID-19) support, Finance Secretary Kate Forbes said: \u201cI welcome the Chancellor\u2019s positive, but long overdue, announcement that the Job Retention Scheme will be extended until March 2021. We have repeatedly urged the UK Government to safeguard jobs by guaranteeing that this support will be available…<\/p>\n","protected":false},"author":486,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4588","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nFinance Secretary responds to the Chancellor's statement - Scotland's Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/2020\/11\/05\/finance-secretary-responds-to-the-chancellors-statement\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Secretary responds to the Chancellor's statement - Scotland's Economy\" \/>\n<meta property=\"og:description\" content=\"Responding to today\u2019s statement by the Chancellor on further coronavirus (COVID-19) support, Finance Secretary Kate Forbes said: \u201cI welcome the Chancellor\u2019s positive, but long overdue, announcement that the Job Retention Scheme will be extended until March 2021. 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