Extension of Furlough Scheme Update 17/12/2020
Today the Chancellor has announced that the ongoing furlough scheme has been extended until the 30th April, and further, that there will be no reduction in the amount of wages which can be claimed as previously thought which will remain at 80% until that date. This change extends to all of the UK regardless of tiered status. There are further changes to payback arrangements for UK Government loans. It is likely that a full package of support to replace this scheme will be announced in the March 2021 budget.
The full details of the announcement are available here.
As always, if you have any questions or require COVID advice, you can contact the team on 0141 221 3181.