The number of people on furlough increased by 700,000 last month as a result of tighter lockdown restrictions, according to official statistics.

HMRC reported that 4.7 million people were furloughed on 31 January 2021, up from 4m in December 2020.

According to the tax authority, the hospitality industry took the biggest hit, with 1.15 million employees furloughed in January, resulting in a 3% increase.

In total, 11.2 million employees across the UK had been on the scheme as of 15 February 2020, claiming £53.8 billion altogether.

With the furlough scheme currently due to come to an end on 30 April 2021, several industry groups are calling for an extension to the scheme.

In a statement to the House of Commons earlier this week, Prime Minister Boris Johnson set out his "roadmap" for the easing of lockdown restrictions, and hinted that a furlough extension might be announced in the Spring Budget on 3 March 2021.

He said:

"People may be concerned about what these changes mean for the various support packages, for livelihoods for people and for the economy.

"So I want to assure the House, we will not pull the rug out... the Chancellor will set out further details in the Budget next Wednesday."

Speak to us about your business.

Williams Financial Planning Limited logo

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.


By submitting your details you agree to receive email marketing from Williams Financial Planning and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

You have Successfully Subscribed!