Coronavirus Job Retention Scheme extended until the end of October

by | May 12, 2020

The Coronavirus Job Retention Scheme will continue until end of October the Chancellor Rishi Sunak has announced today. 

Furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500 and new flexibility will be introduced to the scheme from August in order to get employees back to work and facilitate a boost to the economy.

In the announcements made today from the start of August, furloughed workers will be able to return to work part-time with employers will be asked to pay a percentage towards the salaries of their furloughed staff.

The employer payments will substitute the contribution the government is currently making, ensuring that staff continue to receive 80% of their salary, up to £2,500 a month.

Chancellor Rishi Sunak said:

“Our Coronavirus Job Retention Scheme has protected millions of jobs and businesses across the UK during the outbreak – and I’ve been clear that I want to avoid a cliff edge and get people back to work in a measured way.

This extension and the changes we are making to the scheme will give flexibility to businesses while protecting the livelihoods of the British people and our future economic prospects”.

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. It will also continue to work closely with the Devolved Administrations to ensure the scheme supports people across the Union.

The Chancellor’s decision to extend the scheme, which will continue to apply across all regions and sectors in the UK economy, comes after the government outlined its plan for the next phase of its response to the coronavirus outbreak.

 

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