Following on from yesterday’s announcement to keep the social distancing measures in place, Rishi Sunak said the Coronavirus Job Retention Scheme (CJRS) would now be open until the end of June.
The Government’s scheme which has been designed to help employers whose operations have been severely affected by Coronavirus to retain their employees and protect the UK economy pays cash grants to furloughed employees of 80 per cent up to a maximum of £2,500.
However, the Chancellor said he would again keep the scheme under review and extend it if necessary.
HEAR FROM OUR EXPERTS
Find out more about furloughing and the Government’s scheme by registering to hear from Sarah Turnball, Head of HR at Propertymark where she looks at furloughing rules and expands as the legislation as the details continue to evolve in our recent What furloughing means for your business webinar.