Chancellor Rishi Sunak has today announced that the Coronavirus Job Retention Scheme will be extended by four months until the end of October.
Employers will be able to bring back furloughed employees part-time, as part of the Government’s plan to re-open the economy.
Until the end of July, there will be no changes ie workers will continue to receive 80% of their current salary, up to £2,500 a month.
From August to October the scheme will continue for all sectors of the UK but with more flexibility, and employers using the scheme will be able to bring back furloughed employees part time, full details to follow by the end of this month.
However, it is understood that employers using the scheme will be required to pay a share of the cost of the salaries, along with the Government, if they want to bring back employees part time.
Whilst these are welcome steps from the Chancellor, we await the detail of how this will actually work.
For more information, or to discuss, please call a member of our payroll team, or email [email protected]