coronavirus furlough scheme is to be extended until the end of April 2021.Chancellor Rishi Sunak announced the extension on Thursday, which will also apply to the Government's pandemic loan scheme.
He also set the date for the next Budget as March 3, which is the same date the next phase of the coronavirus economic support plan will be revealed, the Mirror reports.The furlough scheme involves the Government paying 80% of the salary of employees for hours not worked, to prevent those out of work due to the pandemic from being made redundant.