Budget Day – Wednesday 3 March

Rishi Sunak, Chancellor of the Exchequer, delivered the government’s Budget for 2021. Key measures for employers are summarised below and more information about Budget 2021 measures can be found here.

COVID-19 support

Coronavirus Job Retention Scheme (CJRS) extension:

  • 80% of employees’ usual wages will be paid (capped at £2,500 p/m) for hours not worked, until 30 June 2021
  • In July, 70% of usual wages for the hours not worked will be paid (£2,187.50 p/m cap)
  • In August and September, 60% of usual wages (£1,875 p/m cap) will be paid
  • Employers to pay furloughed employees at least 80% of their usual wages for the hours they do not work, capped at £2,500 p/m, plus all National Insurance and pension contributions
  • Find out more about CJRS

More information.