Earlier this week the Chancellor announced the extension of the Government’s Coronavirus Job Retention Scheme until the end of October 2020. Rishi Sunak announced that:
- Coronavirus Job Retention Scheme will continue until end of October.
- Furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500.
- New flexibility will be introduced from August to get employees back to work and boost economy.
The scheme will continue in its current form until the end of July. From the start of August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff.
More specific details and information around its implementation will be made available by the end of this month. The government will explore ways through which furloughed workers who wish to do additional training or learn new skills are supported during this period. For further information, read the announcement from HM Treasury.