Chancellor Rishi Sunak delivering emergency plan for jobs

The transcript outlines the government's evolving economic plan in response to the ongoing impact of the virus. It highlights the need for adaptation over the next six months and introduces five new measures to support jobs and businesses. These include a new job support scheme, extension of the self-employed scheme, and measures to ease cash flow and tax burdens for businesses, particularly in the hospitality and tourism sectors.

What is the main reason for the evolution of the economic plan?

• There is a new government in place.

• The virus situation is changing.

• The economic plan was initially flawed.

• The economy is growing rapidly.

What is the purpose of the new jobs support scheme?

• To increase employee salaries.

• To support wages of people in work.

• To reduce working hours permanently.

• To hire new employees.

How does the government plan to assist the self-employed?

• By providing free training programs.

• By reducing taxes for self-employed individuals.

• By offering interest-free loans.

• By extending the self-employed scheme.

What is the 'Pay as you grow' initiative designed to do?

• Reduce interest rates on existing loans.

• Provide grants to new businesses.

• Ease repayment terms for bounce back loans.

• Increase loan amounts for businesses.

What tax-related measure is being implemented for hospitality and tourism?

• Reducing taxes by 50%.

• Introducing new tax incentives.

• Cancelling the planned tax increase.

• Increasing taxes for these sectors.