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Martin Lewis explains exactly what Chancellor's new furlough replacement scheme means for you

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What do you think about the local lockdown rules where you live? Tell us in our survey..."The next grant will be for those affected between February 1 and April 30 2021."There are no details yet, which could be because the government wants to keep its options open to support those who may have been left out of support before."And if you're a small business the consumer expert explained that the new bounce back loans can now be repaid over 10 years instead of six and you can apply for one six month payment holiday or three six month interest-only payment periods.

Also as part of  as part of his winter economy plan, the Chancellor also a VAT cut for hospitality and tourism businesses will extended.

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