Added on: 12th May, 2020 by Kira_50215
Chancellor of the Exchequer Rishi Sunak has just announced...
The Coronavirus Job Retention Scheme will be extended, for four months, until the end of October.
"By that point, we will have provided eight months of support to British people and businesses. Until the end of July, there will be no changes to the scheme whatsoever.
From August to October the scheme will continue, for all sectors and regions of the UK, but with greater flexibility to support the transition back to work. Employers currently using the scheme will be able to bring employees back part-time. To change their incentives, we will ask employers to start sharing, with the government, the costs of paying people’s salaries.
Further detail will follow by the end of May but I want to assure people one thing won’t change: Workers will, through the combined efforts of government and employers, continue to receive the same level of support as they do now, at 80% of their salary, up to £2,500." - Chancellor of the Exchequer Rishi Sunak