NEW: Told that the this will be a return to furlough scheme for all at rate of 80% of wages, with flexible element to support part time working. So the nearest analogy is the furlough scheme as it was in August. Ie not tied to having to close down, like tier 3 JSS due tomorrow
Understand that the Jobs Support Scheme due tomorrow will now come in when extended furlough ends, currently planned for beginning of December, ie when national lockdown remains.
Obviously extended furlough will apply across the UK to all nations.
Obviously extended furlough will apply across the UK to all nations.
Obviously that is interesting re what Welsh first minister said earlier...
Am checking re self emp scheme, generosity of which was doubled last week, though not to august levels.
My rough estimate of cost is extra £2-3billion on what JSS would have cost. Depends on take up.
Am checking re self emp scheme, generosity of which was doubled last week, though not to august levels.
My rough estimate of cost is extra £2-3billion on what JSS would have cost. Depends on take up.
Official Treasury release:
80% wages for extended furlough and mortgage holiday extended...
Also confirmed that self employed grant remains at 40% profits
80% wages for extended furlough and mortgage holiday extended...
Also confirmed that self employed grant remains at 40% profits
Mortgage holiday extended - FCA to make further announcement on Monday:
Business grants based on rateable value for English businesses obliged to close:
Full Treasury release - let us know what else you want clarifying, we’ll get the answers:
https://twitter.com/hmtreasury/status/1322630211125563394
To be clear on the August analogy for extension to furlough - that’s because it will be
- available to all employers
- covers 80% of wages
- but does not cover employer NI & pensions contributions of average 5%
- can be used flexibly re part time work
- available to all employers
- covers 80% of wages
- but does not cover employer NI & pensions contributions of average 5%
- can be used flexibly re part time work
Self employment scheme remains as it was from last Friday when the grant was doubled to 40% of profits over three months November-January. it hasn’t been changed with the new national lockdown announcement to extend employment scheme by a month at 80%.
https://twitter.com/thenamesbummers/status/1322637769986969603
Very important question and the answer is that new people can be furloughed - the eligibility criteria is that “employees must be on an employer’s PAYE payroll by 23:59 30th October 2020” ie yesterday Friday night.
https://twitter.com/markrowelondon/status/1322638814393835521
• • •
Missing some Tweet in this thread? You can try to
force a refresh
