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Government intervention economics examples. Furlough scheme extension initial guidance released. Which includes making any changes in line with government guidance on working during the pandemic. The furlough extension will end in december and when england comes out of lockdown.
Following boris johnsons announcement on saturday 31 october of a further nationwide lockdown for england from thursday 5 november 2020 until wednesday 2 december 2020 the government have also decided to extend the coronavirus job retention scheme cjrs until december 2020. Given the original furlough scheme allowed employers to rehire employees who were made redundant before it was launched its possible the extension will work in this same way. Furlough extension and jss delay.
Following the governments announcement on saturday hm treasury released initial detail on how the extension to the furlough scheme will work. As highlighted above the coronavirus job retention scheme the cjrs or furlough scheme was due to come to an end on 31 october. Extending furlough with just six hours notice at the weekend was simply not fair for employers and employees according to blick rothenberg.
The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support. Menu extension of the furlough scheme print publication. New rules could lead to redundancies what you should know.
We understand that further guidance on the lockdown extension to the furlough scheme will be published shortly and we will update our coronavirus faqs to provide. As part of new month long restrictions for england due to come in on thursday 5 november chancellor rishi sunak has pledged to cover up to 80 of wages of furloughed employees up to 2500 a month until december. Friday night had seen the release of further jss details but by saturday evening that scheme was put on the back burner with a full extension of the existing furlough.
The tax and advisory firm fear that the extension of the furlough scheme may be too late to save a number of jobs including some within the estate agency sector. When lockdown comes to an end parts of the country will be categorised into tiers again and the job support. This is in addition to billions of pounds in tax deferrals.
Halloween was truly a nightmare for many accountants as the governments announcement of englands new month long lockdown came just as the nation was settling down to enjoy the second live show of strictly come dancing.
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