Job retention scheme extended until the end of October
The Chancellor, Rishi Sunak, has today announced a four-month extension to the coronavirus job retention scheme until the end of October.
He confirmed there will be no changes to the scheme until the end of July. From August to October the scheme will continue for all sectors and regions of the UK. However, employers currently using the scheme will be able to bring furloughed employees back to work part-time.
Workers will continue to receive the same level of support as they do now (80% of their salary, up to £2,500). But from August, the Government will ask employers to start sharing the costs of paying people’s salaries under the scheme. There is no indication yet about how the costs will be split.
Further details about the changes will be made available by the end of this month.
Posted by Louise Donaldson
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