Further announcements were made today in the House of Commons by the Chancellor of the Exchequer, Rishi Sunak, to provide further support to businesses throughout the winter and during lockdown:

  • Furlough scheme extended until the end of March 2021 – The scheme will pay 80% of an employee’s wages up to a maximum of £2,500 per month for the months of November and December, with the level of grant being reviewed in January.


  • The Coronavirus Job Retention Bonus will be scrapped, meaning there will be no £1,000 bonus for retaining staff.


  • Self-Employed Income Support Scheme increased – The third instalment of the self-employed income support scheme is to be increased to 80% of average trading profits for the months of November, December and January. This will be subject to a cap of £7,500 for the 3 month period.


  • Funds provided to devolved nations are to be increased by £2bn to £16bn.

We will send out further updates when the details of the above announcements are released.

If you know anyone who may benefit from our newsletters and updates, please feel free to forward this email or ask them contact us to opt in to our mailing list.