Chancellor’s announcement on The Government’s Coronavirus Job Retention Scheme

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.