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The Job Support Scheme will help employers that are facing reduced demand due to COVID-19,
helping those businesses to retain their employees. The Government has also introduced
several additional support schemes for businesses, in addition to the extension of
the Self-Employment Income Support Scheme. The Government has extended the temporary
loan schemes (the Coronavirus Business Interruption Loan Scheme, Bounce Back Loans,
and the Future Fund), provided flexibility with the repayment of these loans, deferred
VAT payments, reduced the rate of VAT for the hospitality and accommodation sectors,
and introduced the Job Retention Bonus to encourage employers to keep their previously
furloughed staff employed.<p> </p>
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