Furlough scheme is extended until March

Furlough scheme is extended until March

by Danielle Thompson (November 2020)

THE Furlough scheme has been extended across the UK until the end of March.

Chancellor Rishi Sunak confirmed today (November 5) that the scheme will pay up to 80% of a person's wage up to £2,500 a month – and he told the Commons that the government will review the policy in January.

As part of the revised scheme, anyone made redundant after September 23 can be rehired and put back on the Furlough.

Mr Sunak also announced billions of pounds of other support for the economy, including more money for self-employed people.

Support through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500.

He said that the country had a ‘Treasury for the whole of the United Kingdom.’

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