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Chancellor Unveils New Job Support Scheme And Extends Self Employed Grant Gov Furlough Scheme End Date
Gov furlough scheme end date. The extension to the furlough scheme for the self employed is much needed and fantastic news for cabbies across the country. So far the government has provided 137 billion of support to self employed people through the crisis with the world leading scheme among the most generous in the world. The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support.
The government will fund 80 of the wages of those unable to work as a second nationwide lockdown is brought into force. This is in addition to billions of pounds in tax deferrals and grants for businesses. The extension of the furlough scheme is long overdue and necessary.
On top of this the government has announced. As a result of the extension the job support scheme which was due to replace the furlough scheme from 1 november has been postponed. This is in addition to billions of pounds in tax deferrals.
Businesses will be asked to cover national insurance and employer pension contributions. The furlough scheme has protected over nine million jobs across the uk and self employed people have already received over 13 billion in support. The self employed could face financial calamity if the government does not expand its support scheme further bringing them closer in line with the latest furlough changes it has been claimed.
The government has announced a five month extension of the furlough scheme while the self employed will be eligible for a third grant worth up to 7500. The original furlough scheme was due to end in october but it was extended to cover the second lockdown period in england through to 2 december. The government are providing broadly the same level of support for the self employed as is being provided for employees through the coronavirus job retention scheme in november due to its extension.
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