Nutty

The furlough scheme is extended

Edward Savage
Personal Finance Editor
Updated
May 19, 2024

With Covid vaccinations now being rolled out across the UK, the government is hoping that people will be able to visit the high street shops, bars and restaurants without spreading the virus. Businesses will be able to get back to normal and they won't have to make redundancies.

The furlough scheme is extended

It will still take some time for everyone to get vaccinated so the government has decided to extend the furlough scheme  for another month. This means the government will continue to pay furloughed staff 80% of their wages, up to £2,500 per month, until the end of April. 

So far, the furlough scheme has cost the government almost £50 billion.

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