Staff at Britain’s busiest airport who are not union members have been told in a memo from the company to accept a % reduction in pay, otherwise “dismissal or reinstatement might be the final step”.
Income subsidies Direct cash grants for self- employed people, worth 85% of average profits, up to £ 2, a month. There are similar wage subsidies for employees.
Loan guarantees for business
Government to back £ bn of loans to support businesses through a Bank of England scheme for big firms. There are loans of up to £ 5m with no interest for six months for smaller companies.
Business rates
Taxes levied on commercial premises will be abolished this year for all retailers, leisure outlets and hospitality sector firms.
Cash grants
Britain’s smallest 980, businesses eligible for cash grants of £ , 11. Small retailers, leisure and hospitality firms can get bigger grants of £ 81, .
(Benefits) Government to increase value of universal credit and tax credits by £ 1, a year, as well as widening eligibility for these benefits.
Sick pay Statutory sick pay to be made available from day one, rather than day four, of absence from work, although ministers have been criticized for not increasing the level of sick pay above £ a week. Small firms can claim for state refunds on sick pay bills.
(Other) Local Authorities to get a £ m hardship fund to provide people with council tax payment relief. Mortgage and rental holidays available for up to three months.
9078 The message was sent to thousands of staff by Paula Stannett, the airport’s chief people officer, who warned workers the business expected “everyone to play their part”.
Stannett wrote: “There will be consequences if colleagues do not accept the revised terms as it will mean that we have to make further job cuts. It will also have consequences for those colleagues who do not wish to participate. ”
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