Furlough scheme extended until end of March, chancellor announces

Business

The furlough scheme will be extended until the end of March, the chancellor has announced.

Rishi Sunak made the announcement in a statement to MPs, telling them that the payments would remain at 80% of people’s wages.

The policy will be reviewed in January, he told the Commons, to “decide whether economic circumstances are improving enough to ask employers to contribute more”.

“Our highest priority remains the same: to protect jobs and livelihoods,” Mr Sunak said.

The chancellor also announced support for the self-employed, with the next income support grant for November to January increasing to 80% of average profits up to £7,500.

Products You May Like

Articles You May Like

Irish ‘cherish’ historic win to kick off new CFP era
Gold-Sulfur Complex Found to Play Crucial Role in Gold Deposit Formation
Music producer who worked with Ringo Starr, Barbra Streisand and Rod Stewart, dies
What texts and messages Blake Lively’s legal complaint against It Ends With Us co-star show
AI and crypto drove gains in this year’s top 5 tech stocks

Leave a Reply

Your email address will not be published. Required fields are marked *