The Chancellor has announced that the government’s Coronavirus Job Retention Scheme will remain open until the end of October.
Full details of the announcement can be found here: https://bit.ly/CJRSExtension.
Key details to note:
· Furloughed workers across the UK will continue to receive 80% of their current salary, up to £2,500.
· From 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.
· The employer payments will substitute the contribution HMG is currently making, ensuring that staff continue to receive 80% of their salary, up to £2,500 a month.
Further details on implementation will be made available by the end of the month.