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Coronavirus Job Retention Scheme Extended

12th May 2020
Business, Coronavirus, Leadership

Job Retention Scheme Extended

The Chancellor announced today (Tuesday 12 May 2020) that the Coronavirus Job Retention Scheme has been extended for all regions and sectors across the UK economy and will;

  • continue until the end of October;
  • furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500; and
  • new flexibility will be introduced from August to get employees back to work and boost economy.

The scheme, in its current form, will continue until the end of July and then the changes which the Government are looking to implement should allow more flexibility for employers will come in from the beginning of August.

More information relating to the details of the scheme should be released by the end of May 2020.

The Government’s job retention scheme is presently supporting 7.5 million workers during the coronavirus pandemic which equates to about 1/4 of the UK workforce.  The Chancellor in his announcement to MP’s said “I’m extending the scheme because I won’t give up on the people who rely on it.!”

Government notice

Access our full range of HR guides on the Coronavirus Support Hub 

If you have any immediate or urgent issues get in touch with us to discuss your options in these tough and uncertain times. 

Essex 01245 410201  |   Suffolk 01473 360160   |   Norfolk  01603 791256 

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Carole is awesome! She has been a rock to me personally over the last 5.5 years. Helping me take the company from an underlying £250m to sales approaching £1BN. Our business has grown from being an East Anglian centric company to a top 10 UK dealer group.

Head count has grown from 800 to over 2000 and for 3 of the last 4 years we have been voted a Great Place to Work by our people, the one year we missed was by 1%! Profitability has grown substantially over this period also. Carole has been central to the team that has helped deliver that.