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Chancellor Rishi Sunak unveils three extra support measures for businesses
Speaking in the House of Commons, Chancellor Rishi Sunak announced the expansion of the furlough replacement scheme with the government paying a larger share of workers’ wages to protect companies struggling with Covid-19 restrictions.
The big changes to the Job Support Scheme (JSS) are set to replace furlough scheme in November.
The government will now fund 62% of the wages for hours not worked. This more than doubles the maximum payment to £1,541.75 a month. In the most generous case, the taxpayer will now go from funding 22% of wages to just under half.