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24.09.2020 19:07

UK's finance minister announces new jobs support scheme

  • The main goal is to support jobs, but we need to change how we do this
  • As the economy reopens, it is fundamentally wrong to keep furlough scheme
  • Under new jobs support scheme, government will directly support wages of people in work
  • This will help companies employ people on shorter hours, instead of laying them off
  • The scheme will support viable jobs
  • Employees must work at least a third of normal hours
  • Government will increase wages to cover two thirds of lost pay
  • The scheme will run for about 6 months
  • Self-employed grant will be extended on similar terms as jobs support scheme
  • Introduces 'pay-as-you-grow' scheme
  • Bounce back loans extended from 6 years to 10 years
  • Businesses can choose to make interest-only payments now
  • To extended deadline of all loan schemes until the end of the year


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00