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Martin Lewis Warns Over A Million People Could Face Redundancy As Furlough Scheme Rules Set To Change Mylondon Register As Self Employed Uk Gov
Furlough Scheme And Mortgage Holidays Extended As England Braces For New Lockdown Register As Self Employed Uk Gov
Register as self employed uk gov. Not sure what the furlough scheme is. So far the furlough scheme has cost the exchequer almost 40bn since its launch in march. Chancellor rishi sunaks original furlough scheme paid 80 per cent of wages up to a maximum of 2500 a month but was gradually wound down over the summer and was due to end today.
The furlough scheme will now run until the end of march across the uk. The furlough scheme officially known as the coronavirus job retention scheme had been due to end today 31 october. Under the scheme unveiled last month employers can put employees on furlough meaning their jobs put on hold and they dont work but theyre still employed.
The job retention scheme was set to be replaced with the job support scheme but it has now been extended. The government has extended the furlough scheme by a month meaning that the job support scheme will now replace furlough in december and not this month as previously planned. From november 1 workers can get 67 of their normal pay if their venue is shut down by.
Before you get into the full detail below heres mse founder martin lewiss analysis of the announcement. But the prime minister announced that it will keep running until december and the new job support scheme which had been scheduled to start on sunday 1 november has been postponed until the furlough scheme ends. The treasury hasnt given a precise date.
Employers can apply for cash grants through hm revenue customs new online page and the money should arrive in their bank accounts within six working days. The job support scheme jss is the system that will replace furlough when furlough ends on october 31. The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support.
The number of people on furlough has fallen from a peak in may of 9 million to about 3 million in september. Employees on furlough will continue to get 80 of their salary for hours not worked up to. As a result the new job support scheme which had been due to start in december after furlough ended has now been postponed.
New furlough scheme october 2020. Scheme extended as england enters second lockdown.
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