Furlough scheme extended until the end of March

0
Furlough scheme extended until the end of March

Furlough scheme extended until the end of March, Chancellor Rishi Sunak has announced.

“To give people across the UK certainty over the winter, I can announce today that the furlough scheme will not be extended for one month – it will be extended until the end of March,” he said.

Employees will receive 80 per cent of their usual salary for hours not worked, up to £2,500 a month.

-- ADVERTISEMENT --

The Chancellor also announced increased “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 per cent of average trading profits, up to a maximum of £7,500.

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


The furlough scheme was originally intended to end in October, but was extended after PM Borish Johnson imposed a month-long lockdown in England last weekend.

Sunak told MPs in the House of Commons today, Thursday, November 5, there will be a review of the policy in January to determine “whether economic circumstances are improving enough to ask employers to contribute more”.

Bank of England chiefs are expected to pump around £150 billion of extra money into the economy as England’s second lockdown starts today.


 

Thank you for taking the time to read this news article “Furlough scheme extended until the end of March ”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.

Euro Weekly News is delighted to continue to be able to bring you a range of News from around Spain in English and Global News live as it happens.

Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!

Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper, we lead others follow!

Tara Rippin is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News, and is responsible for the Costa Blanca region.
She has been in journalism for more than 20 years, having worked for local newspapers in the Midlands, UK, before relocating to Spain in 1990.
Since arriving, the mother-of-one has made her home on the Costa Blanca, while spending 18 months at the EWN head office in Fuengirola on the Costa del Sol.
She loves being part of a community that has a wonderful expat and Spanish mix, and strives to bring the latest and most relevant news to EWN’s loyal and valued readers.

Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

LEAVE A COMMENT

Please enter your comment!
Please enter your name here