Ahead of England’s return to national lockdown this Thursday, the UK Prime Minister has announced the extension of support packages for both employed workers and for the self-employed.
As reported by us previously (https://www.proskauertaxtalks.com/2020/09/uk-chancellor-announces-winter-economy-plan/) the Coronavirus Job Retention Scheme (the furlough scheme) was due to end and its replacement, the Job Support Scheme, was to commence on 1 November. In conjunction with the Prime Minister’s announcement of this month’s national lockdown, the furlough scheme is being extended until 2 December 2020 and the Job Support Scheme is being postponed until that date.
The extended furlough scheme will broadly mirror its previous incarnation:
In addition to the reintroduction of the furlough scheme, the Prime Minister announced further support for self-employed individuals with the Self-Employment Income Support Scheme (SEISS) being extended: