Covid: Chancellor Rishi Sunak to extend furlough scheme to end of March

Business / Thu 5th Nov 2020 at 03:58pm

THE furlough scheme will be extended across the UK until the end of March, Chancellor Rishi Sunak has confirmed.

Mr Sunak said the scheme will pay up to 80% of a person’s wage up to £2,500 a month. He told the Commons that the government will review the policy in January.

The chancellor said his intention was “to give businesses security through the winter”.

“The security we are providing will protect millions of jobs,” he added.
The furlough scheme subsidises the wages of people who cannot do their jobs, either because their workplace is closed or because there is no longer enough work for them.

Mr Sunak said it would apply throughout the UK, saying the country had “a Treasury for the whole of the United Kingdom”.

As part of the revised scheme, anyone made redundant after 23 September can be rehired and put back on furlough.

What other measures did the chancellor announce?

Mr Sunak also announced billions of pounds of other support for the economy, including more money for self-employed people.

Support through the Self-Employment Income Support Scheme (SEISS) will be increased, with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500.

At the same time, the chancellor raised guaranteed funding for the UK’s devolved administrations by £2bn to £16bn.

But, many people will remain ineligible for help, including the newly self-employed, those whose pay themselves in dividends, freelancers, and sole traders who previously had a trading profit of more than £50,000.

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1 Comment for Covid: Chancellor Rishi Sunak to extend furlough scheme to end of March:

2020-11-05 19:40:39

What this means is they will continue periodically locking us down until next March at least. Our MP happily supported it. Labour are even worse, pretending to be socialists but worshipping at the feet of Globalism i.e The Banks, mega and large Corporations and the Rothschild and the Rockefellers empires, and of course Mr Gates the philanthropist who on on video declared that if he can manage to vaccinate 7.5 billion people he'll achieve a reduction of the world's population, funny kind of vaccines those, probably as bad as those inflicted in the black population in Africa, all this is on record. Gates also finances the WHO, Imperial College, the BBC, GAVI as well as many, many others. Our "medical experts" receive fianancing by Gates or have been in the Pharmaceutical Industry and hold a lot of shares, but what's that big Elephant in the room? The new normal, keeping as many people as possible working from home, children learning online, Doctors online, regular vaccinations, if refused they will isolate you and remove your rights. Welcome to the true meaning of Fascism. I will disobey all unjust laws no matter what and so should you if you value Democracy and your rights.

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