Covid: Rishi Sunak to extend furlough scheme to end of March
The chancellor Rishi Sunak has announced that he is extending the Coronavirus Job Retention Scheme until the end of March, with a review of its terms in January. The scheme will pay 80% of an employee’s wage up to £2,500 a month, though the January review will look at whether employers should contribute more. The scheme had been extended until 2 December, coinciding with lockdown measures in England. Sunak said he was responding to changing circumstances to “protect jobs and livelihoods”. The Bank of England earlier pumped £150 billion into the economy as indicated economic recovery was slowing
“We’re also increasing the support for millions more workers through the Self-Employment Income Support Scheme.
The third grant covering November to January will now be calculated at 80% of average trading profits, up to a maximum of £7,500.
Finally, the upfront guaranteed funding for the devolved administrations is increasing from £14bn to £16bn.
This Treasury is, has been, and will always be, the Treasury for the whole of the United Kingdom.” Rishi Sunak
Loving the information on this site, you have done outstanding job on the articles.
Great news I recently find your blog and have been reading along. I thought I would leave a comment.
Excellent way of explaining, and good article to get information about my presentation focus, which i am going to convey in university.
Marvelous, what a blog it is! This webpage provides valuable facts to us, keep it up.
Good article. I am going through some of these issues as well.
Some genuinely choice content on this web site , saved to bookmarks.
A round of applause for your blog article. Thanks Again. Awesome.
I wanted to thank you for this very good read!! I certainly enjoyed every little bit of it.
Pretty nice post. I just stumbled
upon your blog and wanted to say
that I have truly enjoyed browsing your blog
posts. After all I will be subscribing in your rss feed
and I hope
you write once more soon!
Thank you for your feedback