As another national lockdown looms large, the chancellor has announced some further changes to the support business can receive:
Employers
The furlough scheme has been extended for November, the government will fund up to 80% of unworked hours (up to £2,500pm) with the employer paying the NI and pension costs (similar to the CJRS in August) - claims will be for a minimum of a 7 day period.
To qualify staff must have been employed on 30th October, flexi furlough will be available and the staff doesn't have to have been furloughed on a previous occasion.
Further details are yet to be announced.
Local grants are also available for businesses forced to close, up to £1,334 per month for those with a rateable value of less then £15k - these are to be claimed via local government.
Self-Employed
Unfortunately there have been no changes announced so far on the level of help available to the self-employed - at the date of this post - the level remains at 40% of your average monthly trading profits, to cover the next 3 months (Nov-Jan) capped at £3,750, this will be available to claim on 14th December 2020.