Home Breaking News Chancellor set to extend furlough until end of September

Chancellor set to extend furlough until end of September

by LLB Finance Reporter
3rd Mar 21 10:02 am

The Chancellor of the Exchequer is to announce today, the furlough scheme will be extended until the end of September, with employers being asked to continue to contribute to staff salaries from July.

Rishi Sunak will unveil his Budget later on Wednesday and he has promised to continue to provide support for businesses and individuals.

Sunak said that he will continue to offer help as there are “challenging months ahead, and beyond,” and he is also expected to the Covid Job Retention Scheme will remain in place for a further six months.

The Chancellor will also include support for self-employed workers today, which will include cash for those who were previously not legible for grants.

Ahead of the Budget, the Chancellor said, “Our Covid support schemes have been a lifeline to millions, protecting jobs and incomes across the UK.

“There’s now light at the end of the tunnel with a roadmap for reopening, so it’s only right that we continue to help business and individuals through the challenging months ahead – and beyond.”

It is expected that Sunak will tell MPs, “First, we will continue doing whatever it takes to support the British people and businesses through this moment of crisis.

‘Second, once we are on the way to recovery, we will need to begin fixing the public finances, and I want to be honest today about our plans to do that.

“And, third, in today’s Budget we begin the work of building our future economy.”

Bridget Phillipson, shadow chief secretary to the Treasury said, “These changes to support schemes could have been made months ago.

“Businesses and workers have been pleading with the Chancellor to give them certainty, but they have had to wait because he said it wouldn’t be appropriate until the Budget.

“Announcing it the night before shows the focus is on Rishi Sunak getting his moment in the sun rather than protecting jobs and livelihoods.

“We need a Budget that secures Britain’s recovery and rebuilds the economic foundations the Conservatives weakened before the crisis.

“That means a plan to support jobs and businesses, protect family finances and set Britain on the path to a better, more secure future.”

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