Employment news from the Budget 2021Mar 03, 2021
The Chancellor of the Exchequer Rishi Sunak, has just sat down from announcing the Budget 2021. We wanted to get this information to you as soon as possible.
Most importantly for employers, the furlough scheme has been extended from its original deadline. It had been previously announced that this would finish at the end of April until the end of September. We know from Boris’ previous four step announcement that whilst we’re looking at society potentially re-opening on 21 June. Social distancing is set to remain in place until at least 4 September.
In terms of the extended furlough scheme, we also know that from July, employers will be expected to pay 10% towards the hours staff don’t work. This will increase to 20% in August and September.
It’s estimated that the furlough scheme has, to date, protected more than 11 million jobs. It’s therefore hoped that the extension will continue in that vein, giving businesses the support they need as the economy slowly re-opens.
Self Employed news from Budget 2021
There is also good news for the self-employed. With the widening of the grant criteria, some 600,000 more people will now be eligible for government support.
If our Employment team can help you with this, or offering advice on other matters, please get in touch. You can reach us on 01752 827081 or at [email protected]. You can also ask us to call you back by completing our Contact Form.