There were two key points in the Budget which may affect some of our residents:
Extension of furlough and support for the self-employed
The Coronavirus Job Retention Scheme will be extended until the end of September. Employees will continue to receive 80% of their current salary for hours not worked. The Self-Employment Income Support Scheme (SEISS) will continue with a fourth and a fifth grant. More than 600,000 people, many of whom became self-employed in 2019-20, may now be able to claim direct cash grants under SEISS.
Universal Credit uplift and advances repayments
The Government also confirmed a temporary 6-month extension to the £20 uplift and a one-off payment worth £500 for Working Tax Credit claimants.