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Government extends Furlough to March and increases Self-Employed Support

06 Nov 2020
The Chancellor Rishi Sunak has announced workers across the United Kingdom will benefit from increased support with a five-month extension of the furlough scheme into Spring 2021.

• The furlough scheme will now be extended until the end of March – protecting millions of jobs across all nations.

• The next self-employed income support grant will also increase from 55% to 80% of average profits - up to £7,500.

• The Coronavirus Job Retention Scheme (CJRS) will now run until the end of March with employees receiving 80% of their current salary for hours not worked.

• Similarly, support for millions more workers 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.