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Q A How Coronavirus Furlough Scheme Extension Affects You This Is Money Self Employed Working From Home Covid 19
Self employed working from home covid 19. Uk chancellor rishi sunaks announcement yesterday that the coronavirus job retention scheme or furlough scheme would be extended until the end of march 2021 will save jobs according to the ceo of the business travel association. About 56 million people were on the program in july down from 7 million in may. This is important as.
The extension means that the furlough scheme protecting uk workers will be in place when the post brexit transition period expires at the end of 2020. The uk furlough scheme is scheduled to end in october. When lockdown comes to an end parts of the country will be categorised into tiers again and the job support.
The uks furlough scheme is currently set to end in october but many have called for an extension to the policy amid fears of a sharp rise in unemployment if it ends in the next two months. The decision means the government will support employers in paying up to 80 per cent of the normal salary employees get. The extension of the key crisis fighting tools comes as european governments figure out how to adapt vast emergency measures put in place to protect businesses and jobs during lockdowns.
A final decision on an extension which it is estimated will cost 10bn 9bn is expected on 25 august. However the resolution foundation estimates that the extension of the furlough scheme is likely to cost around 62 billion a month. The furlough extension will end in december and when england comes out of lockdown.
Job retention scheme had been due to close at end of october. 80 per cent of wages will be paid during lockdown boris johnson has announced.
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