finance

Budget 2021 news LATEST: Rishi Sunak to give self-employed £7.5K grants & extend furlough & stamp duty holiday


FURLOUGH EXTENDED

We know for certain the Chancellor will extend furlough until September.

It means 80 per cent of people’s wages will continue to be paid for months to come, to help firms get back on their feet again.

From July, though, they will be asked to chip in, as the Chancellor weans them off the cash help they will have been getting for 17 months.

In July, employers will be expected to contribute 10 per cent of the cost, increasing to 20p per cent in August and September, as the economy reopens.

The Coronavirus Job Retention Scheme has protected more than 11 million jobs since its creation last March, with Mr Sunak promising further help in the “challenging months ahead – and beyond”.





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