The furlough scheme supporting workers temporarily laid off due to the coronavirus crisis will be extended by a month until the end of April.
It will mean the government continues to pay 80% of wages for those workers "giving business and employees across the UK certainty into the new year", the Treasury said.
Chancellor Rishi Sunak also announced that government-backed loan schemes designed to support stricken firms through the coronavirus crisis would continue until the end of March.
Mr Sunak said: "Our package of support for businesses and workers continues to be one of the most generous and effective in the world - helping our economy to recover and protecting livelihoods across the country.
"We know the premium businesses place on certainty, so it is right that we enable them to plan ahead regardless of the path the virus takes, which is why we're providing certainty and clarity by extending this support."
The announcement comes as the Chancellor also revealed that the UK's next budget would take place on 3 March, with latest economic forecasts from the Office for Budget Responsibility to be published alongside it.
https://news.google.com/__i/rss/rd/articles/CBMiWGh0dHBzOi8vbmV3cy5za3kuY29tL3N0b3J5L2NvdmlkLTE5LWZ1cmxvdWdoLXNjaGVtZS1leHRlbmRlZC11bnRpbC1lbmQtb2YtYXByaWwtMTIxNjU0OTXSAVxodHRwczovL25ld3Muc2t5LmNvbS9zdG9yeS9hbXAvY292aWQtMTktZnVybG91Z2gtc2NoZW1lLWV4dGVuZGVkLXVudGlsLWVuZC1vZi1hcHJpbC0xMjE2NTQ5NQ?oc=5
2020-12-17 14:36:37Z
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