The Chancellor has extended the Government’s furlough scheme until the end of March 2021.
The Government will continue to pay 80% of the wages of furloughed staff with a plan to review the measures in January.
Addressing MPs in the House of Commons, he said:
“Our highest priority remains the same; to protect jobs and livelihoods. Given the significant economic uncertainty, we can announce today that the furlough scheme will be extended until the end of March.”
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There was also an announcement for the self-employed, announcing that the Government will pay 80% of average profits for the period November to January, formerly this figure was 80% for November, 40% for December and January.