Chancellor Announcement on the Future of the Job Retention Scheme
Posted 12/05/2020
The Chancellor has today announced the following:
– The Job Retention Scheme will be extended, for four months, until the end of October.
– Until the end of July, there will be no changes to the scheme whatsoever.
– From August to October the scheme will continue, for all sectors and regions of the UK, but with greater flexibility to support the transition back to work.
– Employers currently using the scheme will be able to bring furloughed employees back part-time.
– From August to October the scheme will continue, for all sectors and regions of the UK, but with greater flexibility to support the transition back to work.
– We will ask employers to start sharing, with the government, the costs of paying people’s salaries.
– Further detail will follow by the end of May. He assures that workers will, through the combined efforts of government and employers, continue to receive the same level of support as they do now, at 80% of their salary, up to £2,500.
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