In a statement to the House of Commons, Chancellor Rishi Sunak has confirmed that the Job Retention Scheme is to be extended to the end of October.
Sunak confirmed that, until the end of July, the scheme will continue under its current provisions. From August to the end of October, more flexibility will be added to the scheme in order to assist employees in returning to work. In this period, the following changes will take effect:
- Employees will be able to return to work part-time and still benefit from the Scheme
- Whilst 80 per cent of wages will still be paid to furloughed staff, the cost will be shared between organisations and the government, as opposed to the government covering the full cost.
Full details on how this will work in practice is expected at the end of May.
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