Furlough Budget update: Did Rishi Sunak extend furlough? Pledge to 'help working families'

Asia's Tech News Daily

The furlough scheme came into force during the first coronavirus pandemic lockdown in the UK. During this time, millions of Britons were unable to work and earn an income. However, at today’s Budget, Chancellor of the Exchequer Rishi Sunak made the decision not to bring back the furlough scheme. Instead, he pledged to “help working families with the cost of living”.

Speaking in the House of Commons today, Mr Sunak applauded the UK’s employment growth since last year.

He said: “In July last year, at the height of the pandemic unemployment was expected to peak at 12 percent.

“Today the Office for Budget Responsibility (OBR) expect unemployment to peak at just 5.2 percent. That means over two million fewer people out of work than previously feared and wages are rising. Compared to February 2020 they have grown in real term to almost three and a half percent.”

Instead, the Budget focussed on grant funding for local Governments, investing more into housing and homeownership, maximising spending for NHS and care services and provide more funding for police and crime services.

Though the scheme came to an end on September 30, 2021, many experts have spoken out about the urgent need for the furlough scheme to be reinstated at today’s Budget.

Ahead of the Budget announcement, SNP MP Ian Blackford urged the Chancellor to extend the furlough scheme “for as long as the economy is facing lockdown measures”.

He added: “These support mechanisms have to be in place because if we end up in a situation that people are unemployed, and if we end up with a situation where businesses are having to close, then we deepen the problems.

“And given the fact that Government has rightly created the circumstances of lockdown, we need to make sure that that financial support is there for people.”

Experts have also pointed to countries such as Germany, which have permanent schemes in place to shield workers during tough periods.

According to the Organisation for Economic Cooperation and Development (OECD), 23 of its member nations have such schemes in force.

Employment tax director at MHA, Nigel Morris, believes the Government should build on the “success” of the furlough scheme in order to create a “permanent scheme”.

He said: “Furlough was enough of a success that there is definitely merit in the suggestion for the creation of long-term version of it to guard against another pandemic or perhaps a major economic downturn.”

Furlough Budget update: Did Rishi Sunak extend furlough? Pledge to 'help working families'
© Getty Images Rishi Sunak before Budget speech

Before furlough came to an end in September, the Liberal Democrats demanded Mr Sunak extended the scheme to 10 of the hardest-hit sectors hardest, including passenger air transport, travel agencies, musical instrument manufacturers and retail sale via stalls and markets.

Despite 11th-hour cries for an extension, the Chancellor pushed ahead with plans to bring the scheme to an end.

But, as COVID-19 case being to rise across the UK, there are some concerns the Prime Minister may move to “Plan B” in order to beat winter infections.

Plan B would see face mask rules reinforced and Britons asked to once again work from home.

Although there is no confirmation of another lockdown, the Prime Minister has warned he has “not ruled it out” if it becomes necessary to protect the NHS and hospitals.

There has been no comment on whether or not the furlough scheme could be reinstated in the future.

DON’T MISSBarclays banking DOWN: Customers say online account not working [INSIGHT]The ‘biggest’ pension mistakes that retirees ‘can’t come back’ from [WARNING]State pension rise slammed as insult to older generation [COMMENT]

What is the furlough scheme?

The furlough scheme was brought into force to help businesses and employers retain employees during the coronavirus lockdowns which saw many people unable to go to work.

A furloughed worker is someone who remains employed in their regular job but has been told to stop working.

During the support scheme, the Government paid 80 percent of furloughed workers’ wages up to £2,500 a month if they had to stop working due to the pandemic.

However, in July 2021, the Government began to wind down furlough.

This saw employers contributing more towards their employees’ furlough wages, with the Government providing 70 percent of wages up to £2,187.50.

Then, in August, the Government support dropped again to 60 percent, capped at £1,875.

Furlough Budget update: Did Rishi Sunak extend furlough? Pledge to 'help working families'
© DX What is furlough? Graphic explainer

How long did the furlough scheme last?

The furlough scheme came into effect on April 20, 2020, and lasted for a total of 529 days.

The scheme came to an end on September 30, 2021.

Will the furlough scheme be reinstated?

The Government has made no announcement as to whether or not the furlough scheme will be reinstated in the future.

Some experts suggest using the furlough model as a roadmap for a more “permanent” scheme to support employers in the future.

Employment tax director Mr Morris said: “Furlough 2.0 could draw examples of best practices from Europe, where these types of schemes already exist.

“A ‘permanent’ scheme would also help businesses to plan with added assurance, and give confidence to markets and funders should the unthinkable happen again.”

At today’s Budget, Mr Sunak said he was committed to “levelling up” and providing “help for working families with the cost of living”.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

Developing nations may give up on the WTO for good if it won't budge on vaccine patents

© Provided by The Guardian Photograph: Denis Balibouse/Reuters Late on Friday, with only days to go until its 12th summit was due to commence, the World Trade Organization (WTO) announced ... Read more »

OAP will be evicted from her ‘forever home' in two days and homeless at Christmas as developer demolishes her estate

A DEVASTATED pensioner is being kicked out of her 'forever home' with nowhere to go just three weeks before Christmas. Linda Elsworth, 71, says she has nowhere to go if ... Read more »

Best Edinburgh Films: 22 movies set in Edinburgh ranked from best to worst including Trainspotting, Avengers and Fast and Furious

© F9 – Fast and Furious 9: Chris ‘Ludacris’ Bridges and Roman Tyrese Gibson in action in Edinburgh Do you agree or disagree with these rankings? Let us know what ... Read more »

Omicron shows need for global accord on pandemics, says WHO chief

© Frank Augstein Passengers arrive at Heathrow Airport in London as travel restrictions return because of the new variant of coronavirus (Frank Augstein/AP) The World Health Organisation is pushing for ... Read more »

See Who Your Favourite Celebrity Is Married To

Nothing makes us happier than a South African celebrity wedding. When A-list celebrities arrange their big day, no cost is spared, from the pricey designer gowns to the five-star reception ... Read more »

Man United appoint Ralf Rangnick as interim manager

© PA Ralf Rangnick. MANCHESTER UNITED HAVE confirmed the appointment of Ralf Rangnick as their interim manager until the end of the season. The German joins from Lokomotiv Moscow where he was ... Read more »

Storm Arwen: Guests snowed inside pub hope for rescue after coldest night of season

© PA Autumn weather Nov 28th 2021 Guests stuck inside a Yorkshire pub for three nights were hoping to finally leave on Monday as staff told how an Oasis tribute ... Read more »

Horrific Omicron variant causes hospitalisations to TRIPLE in two weeks in South Africa as mutant Covid sparks panic

THE new Omicron variant has caused hospitalisations in South Africa to treble in two weeks, worrying new figures reveal. The new data, taken from the NICD, showed that hospital admissions ... Read more »

Crocodile Dundee star David Gulpilil dies aged 68 as fans pay tribute to groundbreaking actor

CROCODILE Dundee star David Gulpilil has died at the age of 68 as fans pay tribute to the groundbreaking actor. The “iconic” indigenous Australian actor, who was was diagnosed with ... Read more »

Tributes to ‘loving' mum, 47, found dead as three men, 21, 57 and 46, quizzed over murder and family beg for answers

DETECTIVES  have launched a murder investigation after a ‘loving mum’ was found dead at her home last week.  Malak Adabzadeh, 47, was pronounced dead at the scene after officers were ... Read more »

Last chance to save on Amazon Echo Dot 3rd gen in the Cyber Monday and Black Friday sales

© Provided by Pocket-lint Get an Amazon Echo Dot for 99p with Amazon Music Unlimited image 1 (Pocket-lint) – If you’ve been after an Echo Dot, then there’s no better ... Read more »

Apple AirPods 2 drop to just £99 in this Cyber Monday deal

© Expert Reviews apple airpods 2 black friday cyber monday deal charging case Headphones The iconic Apple AirPods have fallen below £100 for the first time ever on Amazon in ... Read more »

Father and daughter stabbed to death in Wood Green flat horror

© PA 2.64007214.jpg Police are continuing to question a suspect over the double murders of a man and his daughter found stabbed to death at a flat in north London. ... Read more »

Philanthropist and fashion maverick: Virgil Abloh was one of the industry's brightest stars

© Getty Images GettyImages-1157153084.jpg “Even when the world felt sad, he brought laughter and colour and beauty.” It’s a beautiful sentiment, written by Bella Hadid, and it’s just one of ... Read more »

Big restaurant chains including Olive Garden, Applebee's, IHOP, and Cheesecake Factory are cutting back on delivery amid staff shortages

© Provided by Business Insider Olive Garden takeout. Lea Suzuki/The San Francisco Chronicle via Getty Images IHOP, Applebee’s, and Olive Garden are halting online ordering services at peak times. Staffing ... Read more »

Emmerdale fans 'work out' Danny Miller's ITV soap exit storyline after Ben's murder

He’s starred on ITV’s Emmerdale for the past thirteen years, but actor Danny Miller, who plays fan favourite Aaron Dingle, recently revealed he’s waving goodbye to the village. Now the ... Read more »

Headie One at Wembley review: A good-natured homecoming for the London rapper

© Ashley Verse Headie One at Wembley On the last night of Headie One’s Edna tour, his closing appearance at Wembley Stadium was perhaps a case of relying a little ... Read more »

Stage set for Ghislaine Maxwell's sex trafficking trial

FILE — Ghislaine Maxwell, founder of the TerraMar Project, attends a press conference on the Issue of Oceans in Sustainable Development Goals, at United Nations headquarters, June 25, 2013. Maxwell ... Read more »

Are we all dehydrated? Here's what you should really be drinking

In a shocking addition to the usual hellish challenges, Richard Madeley was recently rushed from the I'm a Celebrity castle suffering a 'mystery illness.' It turned out that the presenter, ... Read more »

'Saya lelaki, kalau perempuan tak nak stay...' - Suami sedia lepaskan Nynaa Harizal seandainya...

KEMELUT rumah tangga yang berlaku di antara pelakon baharu, Nynaa Harizal dan suaminya, Mohamed Fahmi Mohamed Ilyas terus menjadi perhatian ramai. Menerusi sidang media khas yang diadakan Fahmi pada Jumaat, ... Read more »

Boots launches huge No7 sale for Cyber Monday

The No7 deals to snap up today. (Getty Images) Yahoo Life’s editors are committed to independently selecting wonderful products at great prices for you. We may receive a share from ... Read more »

Strictly Come Dancing survivor Dan Walker leads the studio departures

© Provided by Daily Mail MailOnline logo Spirits remained high on Saturday evening as Dan Walker left Elstree Studios after making it through to the Strictly Come Dancing quarter-final at ... Read more »

Oppositionsparteien in Kirgistan beklagen Wahlfälschung

© Keystone/AP/Vladimir Voronin Nach der Parlamentswahl in Kirgistan haben mehrere Oppositionsparteien eine Annullierung der Ergebnisse und Neuwahlen gefordert. Es habe Fälschungen gegeben, teilten vier Oppositionskräfte am Montag in einer gemeinsamen ... Read more »

Das große Kia Multimedia-Special - Sorento PHEV, Marke und Zukunftsausrichtung

Tauchen Sie interaktiv in die Markenwelt von Kia ein. In unserem Multimedia-Special erfahren Sie alles über die Neuausrichtung des Herstellers. © Kia / Patrick Lang Beim Autohersteller Kia hat sich ... Read more »

Omikron: China sieht sich als "uneinnehmbare Festung"

© Keystone/AP/Andy Wong Vor dem Hintergrund der sich weltweit verbreitenden neuen Coronavirus-Variante Omikron sieht China sich in seiner strikten Null-Covid-Strategie bekräftigt. China sei eine “uneinnehmbare Festung” für das Virus, kommentierte ... Read more »

Video - Drinkers stuck in Britain's highest pub since Friday after Storm Arwen snows them in

Drinkers are bearing up but are without breakfast sausages after they were left trapped in Britain's highest pub by heavy snowfall during Storm Arwen. Read more »

Trump defence secretary sues Pentagon over memoir redactions

© Provided by Al Jazeera Former Secretary of Defense Mark Esper has sued the Pentagon over redactions to his unpublished memoir [File: Alex Brandon/AP] Former Pentagon chief Mark Esper has ... Read more »

Exclusive-Russian developer Samolet targets New York listing in 2023

© Reuters/SHANNON STAPLETON FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York By Andrey Ostroukh MOSCOW (Reuters) – ... Read more »

Tiada mustahil apabila anda bermain atas nama Manchester United

© Provided by Sinar Harian PENYERANG Manchester United, Cristiano Ronaldo percaya The Red Devils akan bangkit dalam perlawanan liga seterusnya selepas sekadar melakar keputusan seri 1-1 ketika menentang Chelsea dalam ... Read more »

Cristiano Ronaldo stormed off and refused to shake hands with his opponents after getting benched

© Getty/Charlotte Wilson/Offside Cristiano Ronaldo. Getty/Charlotte Wilson/Offside Cristiano Ronaldo refused to shake hands with the opposition after Manchester United drew with Chelsea. The 36-year-old started on the bench as the ... Read more »

12 Rajya Sabha MPs Suspended for Whole of Winter Session for 'Violent Behaviour' in August

© Provided by News18 12 Rajya Sabha MPs Suspended for Whole of Winter Session for ‘Violent Behaviour’ in August On day one of the winter session of Parliament, the Rajya ... Read more »

Amazon Cyber Monday deals: From Samsung laptop to Amazon Fire TV- Best deals here

After Black Friday Sale, now e-commerce websites have come up with Cyber Monday deals. Major retailers, including Amazon, Best Buy, Walmart, among others have already kicked off their next wave ... Read more »

International flights: Tremendous pressure from public for resumption, says minister; December 15 date under review

© Provided by Hindustan Times Omicron has been reported from many countries now including Australia, UK throwing challenges to international travel. As the outbreak of Omicron in several countries in ... Read more »

Salman tries his hand at 'charkha' in Sabarmati Ashram

© IANS Ahmadabad :Bollywood Actor Salman Khan visit Gandhi Aashram to promote his upcoming movie ‘Antim’ in Ahmedabad on Monday, November 29, 2021.(PHOTO:IANS/Siddharaj Solanki) Mumbai, Nov 29 (IANS) Bollywood superstar ... Read more »

UP TET paper leak: 29 arrested so far; Yogi Adityanath invokes NSA, Gangster Act against accused

© Provided by Firstpost UP TET paper leak: 29 arrested so far; Yogi Adityanath invokes NSA, Gangster Act against accused The Uttar Pradesh Teacher Eligibility Test (UPTET) scheduled to be ... Read more »

News updates from HT: WHO warns of ‘high' risks related to omicron strain and all the latest news

© Provided by Hindustan Times The WHO also said that researchers in South Africa and around the world are conducting studies to better understand many aspects of Omicron and will ... Read more »

Climate and Us | Pollution: An invisible public health crisis. CAQM must respond

© Provided by Hindustan Times Invisible to most, air pollution is wreaking havoc in families that have adults or children with comorbidities (Sanchit Khanna/ Hindustan Times) Delhi and several parts ... Read more »

Are discussions with your partner turning into fights? Here is what you should do

Ever tried discussing work, personal or financial matters with your partner? And does the discussion ended on a bitter note? Do you two, often, end up fighting and never able ... Read more »

Ajay Devgn's 'MayDay' starring Amitabh Bachchan, Rakul Preet Singh renamed 'Runway 34'

© Provided by Zee News Mumbai: Bollywood superstar Ajay Devgn on Monday announced that his upcoming directorial venture is now titled “Runway 34”, featuring Amitabh Bachchan and Rakul Preet Singh. ... Read more »

Makeup must-haves from homegrown beauty brands to bolster your makeup kit

© Provided by Lifestyle Asia Makeup can get overwhelming with the umpteen number of options available these days. But, there are a few essentials in your kit to get you ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic