Tuesday, 12 May 2020

Chancellor extends furlough scheme until October

The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced this afternoon (Tuesday 12th May 2020).

Furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500. 

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. 

Our interpretation is that Government will contribute 60% and the employers will contribute 20%. We will keep you up to date with any developments when we receive confirmation.

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