Furlough to continue into 2021, with more support for self-employed

Published:  05 November, 2020

Chancellor of the Exchequer Rishi Sunak has today (Thursday 5 November) announced that the Furlough is being extended until the end of March 2021, with support for the self-employed also beefed-up.

The measure, designed to support businesses and workers through the Coronavirus pandemic, had been due to end on 31 October, but just a few days ago this was extended until 2 December, with the start-date for the Job Support Scheme, which was due to replace it, also correspondingly delayed.

 The Furlough will remain at 80% of usual wages, up to a maximum of £2,500 per month with a review due in January.

In addition, those made redundant after 23 September are now able to be put back on the payroll, and onto furlough.

More support for the self-employed was also unveiled. A third grant will be made available via the Self-Employment Income Support Scheme (SEISS) and will also be increased. This latest instalment for November to January will work out  at 80% of trading profits on average, with the  maximum cap being £7,500.

According to the Chancellor, he is looking "to give businesses security through the winter.”

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