Job Retention (Furlough) Scheme
Yesterday, the Chancellor Rishi Sunak announced that the furlough scheme will be extended across the UK until the end of March.
The scheme will pay up to 80% of a person's wage up to £2,500 a month, but this will be reviewed in January.
As part of the revised scheme, anyone made redundant after 23 September can be rehired and put back on furlough.
The Job Support Scheme - a less generous form of support that had originally been set to replace the furlough scheme in November - has now been postponed.
Self-Employment Income Support Scheme (SEISS)
Support 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 (this is an increase from the 40% of average trading profits originally announced).
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