THE five month extension of the furlough scheme into Spring 2021 has been welcomed by Southport MP Damien Moore.
The Coronavirus Job Retention Scheme (CJRS) will now run until the end of March with employees receiving 80% of their current salary for hours not worked. Similarly, support for millions more workers through the Self-Employment Income Support Scheme (SEISS) will be increased from 55% to 80% of average profits.
The third grant covering November to January will be calculated at 80% of average trading profits, up to a maximum of £7,500.
Mr Moore said: “I am delighted to see the new measures being announcedwhich will provide much-needed security to many businesses, employees and self-employed workers here in Southport and across the country. As we begin a four week period of new lockdown restrictions and look forward to the Christmas season, it is vital that jobs and livelihoods are protected as much as possible and that local firms and people can begin to plan ahead.
“I would like to thank local residents and businesses in Southport for their efforts to help control this virus, while significant efforts are made to introduce mass Covid testing - with the pilot programme currently taking place in Liverpool - while work continues to produce and distribute a vaccine.”