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Five Massive Financial Changes Happening On October 31 Including End Of Furlough Self Employed Accountant Salary Uk
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Self employed accountant salary uk. In response to the coronavirus pandemic the government brought in the furlough scheme officially called the coronavirus job retention scheme to help employers pay their workers during lockdown. Hours before the furlough scheme was due to end the government announced it would be extended until december to cover a further lockdown in england. From 1 july 2020 the furlough scheme is changing find out how with our guide.
The coronavirus job retention scheme will close on 31 october 2020. Under the coronavirus jobs retention scheme. In a boost to millions of jobs and businesses rishi sunak said the furlough scheme would be extended by a further four months with workers continuing to receive 80 of their current salary.
This content was last updated 2 november 2020 on saturday 31 october 2020 the prime minster boris johnson announced the extension of the coronavirus job retention scheme cjrs during november 2020. What is the furlough scheme and whats changing. Furlough extension a significant change in direction for the chancellor by kate mccann political correspondent this is a significant extension of the furlough scheme and also a.
The uk governments furlough scheme which was designed by chancellor rishi sunak to protect jobs during the coronavirus pandemic is changing significantly from today. The idea was to encourage employers to keep jobs on standby ready for a quick restart when. However hm treasury will now extend the furlough scheme until december when it will be replaced by the job support scheme.
Under the terms of the extension the government will pay 80 of a workers salary while the employer will have to meet the cost of national insurance payments and pension contributions.
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