• 12 May – 1 Oct 2020
  • National

Job Retention Scheme extension

The government’s furlough scheme which provides grants to cover employee wages for businesses hit hard by coronavirus has been extended until the end of October.

Chancellor Rishi Sunak has announced that the scheme will remain unchanged until July. The proportion of an employee wage covered by the government remains at 80% Thereafter, from August until October, furloughed workers will be able to return to work on a part-time basis. Employers will be asked to pay a percentage towards the salaries of furloughed staff. Details on how to claim can be found here.

According to statistics listed by Enterprise Nation, over 7.5 million workers have been furloughed and almost one million businesses have used the scheme to date.

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