Chancellor Rishi Sunak announced that the UK Job Retention Scheme will be extended to October, an extra four
months. Employers will therefore continue to receive 80% of their monthly wages, up to £2,500, until this new extended deadline.
7.5 million workers and almost 1 million businesses are currently being covered by the scheme. Despite this extension, Sunak announced that from August the government will be asking companies to “start sharing”
the cost of the scheme. This will mean that from the start of August, furloughed workers should return to work part-time, with employers paying a percentage towards the salaries of their furloughed staff.
Sunak announced that this new flexibility should get employees back to work and will boost the economy.
More specific details are to be announced by the end of the month.
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