The furlough scheme will be extended until the end of September, with employers asked to contribute to workers’ salaries from July, the Chancellor is set to announce.
Rishi Sunak will use Wednesday’s Budget to pledge to continue to help businesses and individuals through the “challenging months ahead – and beyond”.
He is expected to say that the Coronavirus Job Retention Scheme, which has protected more than 11 million jobs since its inception, will remain in place until the end of September.
Other measures include £5 billion to rescue the businesses that suffered most over the past year, including bars and restaurants, to ensure they can re-open their doors as lockdown ends.
There will also be help for people struggling to buy a home, cash for local sports clubs and funding for the UK’s bid to host the 2030 World Cup.
You can follow live updates from Rishi Sunak’s Budget statement below from 12.30pm.