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The chancellor has extended the furlough scheme until the end of march 2021 predicting a bleak winter for employers with the economic damage from a second lockdown expected to have lasting effect.
Covid 19 uk government signs. Chancellor rishi sunak confirmed furlough officially known as the. The furlough scheme has been extended until march by chancellor rishi sunak leading to confusion for many. The furlough scheme has been extended until the end of march 2021 we explain how to claim and how much money you get.
Furlough scheme extended until march rishi sunak confirms sam corbishley thursday 5 nov 2020 1201 pm share this article via facebook share this article via twitter share this article via messenger. Many have been left wondering why the coronavirus job retention scheme has been. Uk furlough scheme extended until the end of march the uk furlough scheme has been extended until the end of march.
Furlough scheme extended to march at 80 pay rishi sunak announces. The furlough scheme has been extended by five months to march 2021 the chancellor rishi sunak has announced today thursday 5 november. Thursday 5th november 2020 1245 pm.
The chancellors u turn is estimated to cost 31bn over the five month period. The furlough scheme will be extended until the end of march the chancellor has announced. Sunak outlined that the government will continue to contribute 80 of an individuals salary but that employers would have to pay nics and pension contributions.
The scheme in which employees receive four fifths of their current salary up to a maximum of 2500 of. Jake carter november 5 2020. Furlough also known as the coronavirus job retention.
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