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Job Retention Scheme extended to October

Chancellor Rishi Sunak has confirmed that the Coronavirus Job Retention Scheme will be extended, for four months, until the end of October.

By that point, he said the government will have provided eight months of support to British people and businesses.

However, changes will come into play from August in what the Chancellor calls “greater flexibility to support the transition back to work”.

For example, employers currently using the scheme will be able to bring furloughed employees back part-time.

Employers will also be asked to start sharing, with the government, the costs of paying people’s salaries.

Further detail will follow by the end of the month with the Chancellor assuring workers in the meantime that, through the combined efforts of government and employers, they will continue to receive the same level of support as they do now, at 80% of their salary, up to £2,500.

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