Budget date confirmed

17 December 2020

The next Budget date has been set as 3 March 2021.

Rishi Sunak will provide details on the next phase of the Government’s plan to fight the virus and to protect jobs. A new measure, named the successor loan scheme, has been announced, but further detail around this will be provided within the Budget.

By extending the Coronavirus Job Retention Scheme (CJRS) until the end of April 2021, this means that the next phase of support can be detailed more than 45 days before the amended closure date of the scheme, which is the required redundancy notice period where businesses are making 100 or more employees redundant.

 


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