Federation of Small Businesses calls for more support in run-up to Christmas

The video discusses the impact of the Fellow Scheme on small businesses, highlighting its role in saving jobs during the first wave of the virus. As the scheme ends, the focus shifts to the new Job Support Scheme, which is less generous and has two components: JSS Open and JSS Closed. The video explores the challenges small businesses face during the second wave, including financial strain and potential redundancies. It emphasizes the need for continued government support to help businesses and communities navigate these difficult times.

What was the primary purpose of the Fellow Scheme during the first wave of the pandemic?

• To promote international trade

• To increase taxes for small businesses

• To support small businesses and save jobs

• To provide loans to large corporations

What are the two components of the new Job Support Scheme?

• JSS Start and JSS End

• JSS Open and JSS Closed

• JSS Day and JSS Night

• JSS Full and JSS Partial

How does the JSS Closed component support businesses?

• By providing full salary coverage for employees

• By offering tax breaks to all businesses

• By replacing two-thirds of wages for businesses forced to close

• By funding new business startups

What financial challenges are small businesses facing during the second wave?

• High demand for products

• No cash reserves and potential debt

• Increased profits and surplus cash reserves

• Excessive government grants

What is the hope for small businesses if further restrictions are imposed?

• That they will receive a generous support package

• That they will be allowed to operate without restrictions

• That they will be exempt from taxes

• That they will receive free marketing services