Job Retention Scheme: The Chancellor has just announced the proposed changes to the Furlough system that will take place from 1 August 2020:
The scheme will then end.
Self-Employment Income Scheme: The Chancellor also announced that the Self-Employment Income Scheme will be extended, with applications opening in August for a second and final grant. This will be paid out in a single instalment, covering three months’ worth of average monthly trading profits. This final grant will be 70% of average monthly trading profits up to a total of £6,570.
Notably there was no announcement for support for people whose businesses is structured as a registered company.