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Government revenue graph. This is in addition to billions of pounds in tax deferrals. New furlough scheme october 2020. Scheme extended as england enters second lockdown.
The new national restrictions will apply from 5 november to 2 december 2020 but the financial support for employers applies from 1 november as the furlough scheme operates on full calendar months. The job support scheme jss is the system that will replace furlough when furlough ends on october 31. The furlough scheme has been reinstated with the similar conditions as applied in august 2020.
The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support. What support is given. Between march and july the government paid for 80 of furloughed workers wages up to 2500 a month and it also covered employers national insurance ni and.
So far the furlough scheme has cost the exchequer almost 40bn since its launch in march. The coronavirus job retention scheme cjrs better known as the furlough scheme will be extended for another month following the announcement of a new national lockdown. Its more complicated than the furlough scheme with different levels of support depending on the businesses.
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 job retention scheme was set to be replaced with the job support scheme but it has now been extended. The new job support scheme will be available from november 1 and run for six months.
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