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.!”
I can count on one hand how many of these I have done over the years. The reason I do not give personal references is because people make judgements on the strength of them. If the person doesn’t work out that then damages my personal reputation which is why I don’t tend to given them unless I know the person is really good. The fact I am doing this should say enough really!!!!
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.