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Sunak Increases Aid for Virus-Struck U.K. Businesses

Sunak Increases Aid for Virus-Struck U.K. Businesses

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video introduces a new grant scheme for businesses affected by Tier 2 restrictions, providing local authorities with funds to distribute direct cash grants. Businesses in hospitality, leisure, and accommodation sectors can receive up to £2100 monthly, with grants being retrospective to August. The job support scheme is made more generous, reducing required work hours to 20% and employer contributions to 5%. These changes apply to businesses at all alert levels, offering greater support to those facing higher restrictions.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum monthly grant available for businesses in the hospitality, leisure, and accommodation sectors under Tier 2 restrictions?

£3000

£2500

£2100

£1500

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are the grants for businesses under Tier 2 restrictions compared to those for closed businesses in Tier 3?

70% of Tier 3 grants

60% of Tier 3 grants

50% of Tier 3 grants

80% of Tier 3 grants

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of normal hours must employees work under the revised job support scheme?

30%

20%

40%

10%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under the revised scheme, what is the employer contribution for hours not worked?

10%

20%

33%

5%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which areas are mentioned as being able to access greater support under the new scheme?

Edinburgh and Cardiff

Liverpool and Greater Manchester

Bristol and Leeds

London and Birmingham

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