The Daily Telegraph - Business : 2020-07-09

Summer Statement: Focus On Business & Economics : 2 : 2

Summer Statement: Focus On Business & Economics

2 The Daily Telegraph Thursday 9 July 2020 *** Summer Statement: Focus on Business & Economics Coronaviru­s Job Retention Scheme Total value of claims made (£bn) Change in household income, £ per week, by working household net income decile, as of May 2020 April 23 Covid-19 additional welfare support Earnings and job losses 4.5 Hypothetic­al earnings losses for furloughed employees in the absence of the CJRS Self-Employment Income Support Scheme (SEISS) May 3 Coronaviru­s Job Retention Scheme (CJRS) Overall change 8 Existing tax and welfare stabiliser­s May 11 400 £ 10.1 May 17 300 11.1 May 24 200 15 May 31 100 17.5 0 June 7 19.6 -100 June 14 20.8 -200 June 21 -300 22.9 June 28 -400 25.5 -500 July 5 27.4 -600 Bottom decile 2 3 4 5 6 7 8 9 Top decile All working households

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