Chancellor Rishi Sunak has extended the furlough scheme until the end of April 2021.
The UK Government will continue to cover 80% of wages for those not working through to mid-Spring, in a move described as giving businesses and employees certainty into the New Year.
Sunak said: “We know the premium businesses place on certainty, so it is right that we enable businesses to plan ahead regardless of the path the virus takes, which is why we’re providing certainty and clarity by extending this support, as well as implementing our Plan for Jobs.”
He also confirmed the extension of the government-guaranteed Covid-19 business loan schemes until the end of March, which had been the latest furlough end date.
These changes come ahead of the Budget, which the Chancellor has confirmed will take place on 3 March.
So far, furlough – or the Coronavirus Job Retention Scheme (CJRS) – has protected