Sunak set to extend furlough scheme to March 2021 - reports

Statement expected this afternoon

clock • 1 min read

Chancellor Rishi Sunak is likely to extend the UK’s furlough scheme through to the end of March 2021, according to a report from the BBC.

The scheme was originally due to end on 31 October but has already been extended to cover the UK's four-week lockdown. It is unclear whether the new extension will cover the full 80% of wages of up to £2,500 per month. The full details will be revealed to the House of Commons shortly, with Sunak due to issue a statement later this afternoon (5 November). The report said the likely extension followed "several days of wrangling" over the scope and length of the scheme. The announcement, it added, also caused a row among the devolved nations who had already chosen to go into separate l...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read
UK inflation data for February 'little more than a relic' as it holds at 3%

UK inflation data for February 'little more than a relic' as it holds at 3%

Uncertainty over central bank rates

Michael Nelson
clock 25 March 2026 • 3 min read