Chancellor Rishi Sunak has set out the government's new measures as it looks support the employed, self-employed and businesses through the economic fallout from coronavirus. 

    Here, Tony Wickenden explains the follow-on measures from the furlough scheme, the extension to support the self-employed and the loans and financing terms available to businesses. 

    Tony provides a breakdown of how employees' wages in so-called "viable jobs" will be funded under the Job Support Scheme, with some of the cost split between the government and the employer, and some foregone by the employee. 

    The latest measures for the employed and self-employed come into effect from 1 November.

    They will then be reviewed by the government three months in, and levels of payment under the schemes will be assessed at that point for the next three months. 

    The chancellor has also announced new "pay as you grow" payment terms for businesses accessing coronavirus loans, which allows firms to stretch their repayments from over six years to over 10 years. 

    Tony also discusses the continued reduced 5 per cent VAT rate for the hospitality and leisure sector, and the option of paying deferred VAT bills in instalments come March. 

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