Finance Minister, Conor Murphy has welcomed the announcement from the Chancellor which provides a £400 million Barnett guarantee uplift for the Executive and confirmation the Furlough scheme will be extended until March 2021 and the self-employed scheme up to April 2021.
Responding to the announcement, Conor Murphy said: “I welcome this £400 million uplift which will...
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Job Retention Bonus
The Chancellor also announced the Job Retention Bonus. This is a one-off payment of £1,000 to employers for every furloughed employee who remains continuously employed through to the end of January 2021. Employees must earn above the Lower Earnings Limit (£520 per month) on average between the end of the Coronavirus Job Retention Scheme...
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Coronavirus Job Retention Scheme
What is it?
Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked to stop working, but who are...
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