Coronavirus: England National Lockdown, Furlough Extended | DMA

Filter By

Show All
X

Connect to

X

Coronavirus: England National Lockdown, Furlough Extended

T-national-lockdown-furlough-extended-01.png

Following the Prime Minister's announcement on Saturday, England will be once more entering national lockdown from 5 November until 2 December.

Along with the announcement which sees the closure of all hospitality and non-essential retail, the Prime Minister stated that the Furlough Scheme would be continued for the lockdown period.

Businesses will have flexibility to bring furloughed employees back to work on a part time basis or furlough them full-time, and will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5 percent of total employment costs. Full details relating to this scheme can be found here.

Mortgage payment holidays will also be extended, with the FCA announcing further information on this today. Businesses required to close in England will be eligible for the following:

  • For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
  • For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
  • For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.

The Prime Minister will be making a statement to the Commons at 3:30pm (if no urgent questions are scheduled). He is expected to say: “Models of our scientists suggest that unless we act now, we could see deaths over the winter that are twice as bad or more compared with the first wave. At the end of four weeks, on Wednesday 2 December, we will seek to ease restrictions, going back into the tiered system on a local and regional basis according to the latest data and trends.”

On Wednesday, MPs will vote on the new restrictions. Leader of the Opposition, Sir Keir Starmer, has already confirmed Labour will support the motion, meaning that they will pass even if some Conservative MPs do rebel.

Hear more from the DMA

Please login to comment.

Comments