The UK Government’s furlough scheme, currently supporting 7.5 million jobs, will be extended until the end of October, although employers will be expected to pick up a share of the bill from August as the economy hopefully reopens.
05.05.2020 - 12:41 / dailyrecord.co.uk
Chancellor Rishi Sunak has promised UK workers and employers there will be no "cliff-edge" cut-off to the Government's furlough scheme.
Some 6.3million workers have been placed on the Government’s Coronavirus Job Retention Scheme since it launched in April, costing the taxpayer £8billion.
Under the scheme, employers can claim a grant covering 80 per cent of the wages for a furloughed employee, up to £2,500 a month.
Any UK organisation with employees affected by the Covid-19 crisis can apply
The UK Government’s furlough scheme, currently supporting 7.5 million jobs, will be extended until the end of October, although employers will be expected to pick up a share of the bill from August as the economy hopefully reopens.
Campaigners who fell through loopholes in the UK’s emergency job retention scheme claim desperate people are being forced to go without food.
Earlier today, the government announced that the furlough scheme is set to be extended by a further four months.
The UK job retention scheme will be extended to the end of October and kept at 80 per cent of furloughed workers’ salaries.
The scheme pays 80% of wages for affected employees
Chancellor Rishi Sunak has announced a huge extension to the UK Government's furlough scheme until the end of October.
By Manori Ravindran
Chancellor Rishi Sunak is expected to announce an extension to the furlough scheme this afternoon.
Chancellor Rishi Sunak is reportedly considering options for extending the UK Government’s furlough scheme that include reducing cover of workers wages from 80 per cent to 60 per cent.
The Chancellor will make an announcement on Tuesday about the current furlough scheme after revealing that it is to be 'wound down'.
Scottish debt charities are warning cuts to emergency income protection will drive families into the red.
Chancellor Rishi Sunak is said to be 'considering options' after it was revealed that the government's furlough scheme is to be wound down.