The UK Government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor Rishi Sunak announced today.
The Government’s furlough scheme will now be extended until the end of October this year.
Originally due to finish at the end of next month, the scheme will now continue for all those employees currently using the furlough scheme who have been receiving 80% wages of up to £2,500 each month.
Companies who are using the scheme are also to be expect to share the payment of their staff with the government in order to prevent salaries being cut as the government support decreases.
More information.