Coronavirus Update: Job Retention Scheme Extended

May 12, 2020

Really welcome news today that the Chancellor has just announced that the Job Retention Scheme will be extended to the end of October.

 

It will remain under the same conditions until the end of July, at which point it will then change to allow employers to bring furloughed employees back part-time if needed.

 

If it's utilised from August to October the funding for workers pay will be split between Government and the business.

 

More details to follow by the end of May.

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