Furlough scheme to be extended


Furlough scheme to be extended

The Government will today announce it is extending the furlough scheme until the end of September, with Chancellor Rishi Sunak saying the move will help millions through "the challenging months ahead". The extension means furloughed employees will continue to receive 80% of current salary, capped at £2,500 a month. Employers will be asked for a contribution of 10% from July and 20% in August and September. Access to grants will also be widened, making 600,000 more self-employed people eligible for Government help. The CBI said extending the furlough scheme will "give businesses the chance to catch their breath as we carefully exit lockdown", with chief economist Rain Newton-Smith welcoming increased support for the newly self-employed. Mike Cherry, the chairman of the Federation of Small Businesses, said the extending support measures over the summer – a period that will hopefully “bear the first green shoots of recovery” – will enable firms to plan ahead.


Read more: BBC News


 

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