Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme until October 2020

The Chancellor has today confirmed that the furlough scheme is to be extended until the end of October and will remain at 80% of wages up to £2,500 per month. He confirmed the Government has backed workers and businesses going into lockdown and will continue to support them coming back out of lockdown. He also confirmed that the Government will be asking businesses to start sharing the cost of the scheme from August. From August, the scheme will continue for all sectors and regions of the country but with greater flexibility to support the transition back to work. This will allow employees back to work on a part time basis with businesses paying part of their wages and the Government topping up the rest of their wages (limited to 80% and £2,500 per month as with the current scheme).

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