The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor has announced.
Rishi Sunak has said the furlough scheme would be extended by a further four months with workers continuing to receive 80% of their current salary. However, 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.
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.
The scheme will continue in its current form until the end of July and these changes to allow more flexibility will come in from the start of August. 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.
|Number of Jobs Furloughed (up to 9am today)||7.5 million|
|Number of Employers Furloughing||935,000|
|Total £ claimed||£10.1 billion|
More details to follow…