The Government’s furlough scheme will be extended again beyond December Rishi Sunak announces.
This means that furloughed workers whose employers have been forced to close will continue to receive 80% of their salaries up to £2,500 per month until March.
The scheme which was scheduled to end last month has been extended thanks to England’s second national lockdown which began today. The policy will be reviewed in January.
Sunak said, “We can announce today that the furlough scheme will not be extended for one month, it will be extended until the end of March. The Government will continue to help pay people’s wages up to 80% of the normal amount. All employers will have to pay for hours not worked is the cost of employer NICs and pension contributions.
We will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.”
Outlining the support for self-employed, he said that the next income support grant will cover the period of November to January “will now increase to 80% of average profits up to £7,500.”