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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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