It was announced by the Chancellor yesterday that the Coronavirus Job Retention Scheme has been extended by a further month and will now remain in place until the end of April. The government will continue to pay up to 80% of the wages of workers who have been furloughed.
Mr Sunak also confirmed he would be extending the government-guaranteed Covid-19 business loan schemes until the end of March.
These changes come in the run-up to the next Budget, which the chancellor confirmed would take place on 3 March 2021.