In a boost to millions of jobs and businesses, the chancellor said the furlough scheme would be extended by a further four months with workers continuing to receive 80% of their current salary.
The employer payments will substitute the contribution the government is currently making, ensuring that staff continue to receive 80% of their salary, up to £2,500 a month.
This extension and the changes the government is making to the scheme will give flexibility to businesses while protecting the livelihoods of the people and nation’s future economic prospects.
The scheme will continue in its current form until the end of July and the changes to allow more flexibility will come in from the start of August. More specific details and information around its implementation will be made available by the end of this month.
If you have any questions about the scheme, please call us on 01702 345 207 to discuss.