New announcement made today on furlough and Self Employed Income Support Scheme

The furlough scheme that was extended from 1 November for 4 weeks will now continue till 31 March 2021, and be reviewed in January.

The government has stated that; “As part of the revised scheme, anyone made redundant after 23 September can be rehired and put back on furlough.”

The Self Employed Income Support Scheme is increased “with the third grant covering November to January calculated at 80% of average trading profits, up to a maximum of £7,500.”

Please see BBC news, the Government news story and the government page which will be updated as they provide more information on this over the coming weeks.

Thursday 5th November 2020