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11 Aug 2020 18:26
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  •   Home > News > Business

    Welcome relief for employers doing it tough -- in Labour's new economic recovery plan

    Welcome relief for employers doing it tough -- in Labour's new economic recovery plan


    The Small Business Loan Cashflow Scheme is being extended until the end of the year.

    The Government has received 90 thousand applications so far, and paid out over 1.5 billion dollars in loans.

    EMA's head of advocacy Alan McDonald says with the wage subsidy coming to an end soon -- employers will be able to take advantage of both schemes.

    He says it will help businesses who are looking at making hard decisions -- because they are seeing no signs of revenue or demand.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     11 Aug: Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19
     11 Aug: Fletcher Building expects a net earnings loss of 196-million dollars for the year to the end of June, mainly due to the impacts of Covid-19
     11 Aug: Don't wait for a trigger to seek financial advice
     10 Aug: A new report shows pokie gambling in New Zealand pubs and clubs, is costing the retail sector more than 400-million dollars a year
     10 Aug: More turbulence on the horizon for Kapiti Coast Airport, which is once again at threat of closure in the wake of Covid-19
     10 Aug: It might not be all bad for the South - when the Tiwai Point aluminium smelter closes
     09 Aug: Auckland's Watercare dams are still 25% below their usual storage levels for this time of the year
     Top Stories

    RUGBY RUGBY
    Scott Dixon's expecting a more sedate build-up to this year's Indy500 More...


    BUSINESS BUSINESS
    Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19 More...



     Today's News

    Health & Safety:
    The Director General of Health has dismissed concerns about flu vaccine availability in New Zealand 18:07

    Entertainment:
    Conor McGregor is engaged 18:01

    Entertainment:
    Tara Palmer-Tomkinson's sister claims she has seen the late socialite's ghost twice since her death 17:31

    Rugby:
    Scott Dixon's expecting a more sedate build-up to this year's Indy500 17:27

    Entertainment:
    Nick Cannon will vote for Kanye West for US President 17:01

    Law and Order:
    Police have seized $1.6 million dollars in assets - and arrested six people across Hawke's Bay 16:57

    Entertainment:
    Zoe Kravitz has blasted Hulu for cancelling 'High Fidelity' after just one season 16:31

    Law and Order:
    A close call for police - after a high-speed chase through West Auckland - that ended in a 14 and 17-year-old being taken into custody 16:17

    Entertainment:
    Prince Harry reportedly cooked a three-course meal for his wife Duchess Meghan's 39th birthday 16:01

    Entertainment:
    Shaquille O'Neal has a shrine to the late Kobe Bryant at his house 15:31


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