Q&A: What will the U-turn on wage supports mean for my business?

Employers who have already submitted their EWSS submissions for this month, some of whom may have already received the lower subsidy rate, do not need to take any action or make any amendments. Photo: Leah Farrell / RollingNews.ie

The Government has announced a reversal of cuts to the Employer Wage Subsidy Scheme (EWSS), backing down on a heavily-criticised reduction for businesses which came into effect alongside new Covid restrictions.

Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath made the announcement on Thursday in light of the new restrictions on hospitality announced last week.