Closed petition Extend furlough scheme for the Cinema industry
To offer an extended furlough scheme to employees of cinema chains and independent cinemas in the UK, allowing the cinema industry to reach its pre-lockdown businesses levels whilst awaiting “blockbuster” product.
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The industry will collapse without support, this industry has not yet managed to attract customers due to Studios not releasing their blockbuster films. An extension to the furlough scheme, will allow companies to retain their staff, until the distributors release their products. The loss of this sector will result in losing thousands of jobs and millions of pounds per year in tax. The audience is there, but is awaiting product.
This petition is closed All petitions run for 6 months
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Budget 2021 - extension to furlough
On Wednesday 3 March, the Chancellor Rishi Sunak MP presented the 2021 Budget, setting out the Government's plans for tax and spending over the next year.
The Budget included a further extension of the Coronavirus Job Retention Scheme (CJRS), or furlough, to September.
This means employees placed on furlough will continue to receive 80% of their current salary for hours not worked, until the end of September. From July, employers will have to contribute 10% of the employee’s salary towards this cost, rising to 20% in August and September.
Find out more about the changes to the scheme, including the new cut-off dates for employees to be eligible for the scheme from May, here:
https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme
You can read a summary of the key measures announced in the Budget here:
https://www.gov.uk/government/news/budget-2021-what-you-need-to-know
You can read the Chancellor's full Budget Speech to the House of Commons here:
https://www.gov.uk/government/speeches/budget-speech-2021
Who is the Chancellor?
The Chancellor of the Exchequer is the Government Minister in charge of the Government's tax and spending decisions. They are appointed by the Prime Minister and are one of the most senior Government Ministers.
Find out more about the role and the current Chancellor, Rishi Sunak MP:
https://www.gov.uk/government/ministers/chancellor-of-the-exchequer
What is the Budget?
The Budget is a statement by the Chancellor of the Exchequer, updating MPs on how much the Government is spending, borrowing, and receiving from taxation. The Budget usually happens once per year.
The Budget is also when the Chancellor announces changes to tax and Government spending. This means the Budget is often used to announce new Government policies or changes to existing policies.
Find out more about Parliament's role in scrutinising the Budget:
https://www.parliament.uk/about/how/role/check-and-approve-government-spending-and-taxation/the-budget-and-parliament/