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Rishi Sunak

Furlough and business loan schemes extended


Chancellor Rishi Sunak plans to extend coronavirus business loan schemes to the end of March and furlough scheme until the end of April 2021 to support UK businesses as restrictions continue. The Budget has been set for 3 March 2021.

17th Dec 2020
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As more areas of England plunge into tier three restrictions today, Chancellor Rishi Sunak has extended the coronavirus business loan applications until the end of March to alleviate prolonged business disruptions.

In addition, the government announced that the furlough scheme will be extended alongside loan schemes until 30 April 2021, with the government continuing to contribute 80% towards wages.

2021’s Budget has also been confirmed for 3 March and will “set out the next phase of the plan to tackle the virus and protect jobs”. 

The announcement also alludes to a 45-day redundancy notice period for business “with Budget setting out the next phase of support more than 45 days before the new end date of the scheme”.The announcements come as ministers scramble to ease pandemic and Brexit strains as businesses face continued tier restrictions until spring 2021.

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Replies (1)

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By Ian McTernan CTA
18th Dec 2020 12:20

Biggest issue I have at the moment in relation to furlough is a transfer under TUPE, where we got a claim in on 1 December and were promised a telephone call to discuss/resolve from the technical people - and still waiting 17 days later. No way to chase it or email/write, nothing. Nothing the furlough telephone line can do to speed it up or even contact to remind...
Can't submit December claim until November is resolved.
In the meantime the client (whose business is currently unable to open due to tier 3 restrictions) has had to find the money to pay November salaries and now needs to find, somehow, the money to pay December salaries as well. Or the staff won't be paid.
Merry Xmas.

Thanks (1)