Furlough scheme extended

The Chancellor, Rishi Sunak has announced that the UK Government’s Coronavirus Job Retention Scheme, which pays cash grants to furloughed employees affected by the virus has been extended for an extra month to reflect continuing social distancing measures.

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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.

We’ve taken unprecedented action to support jobs and businesses through this period of uncertainty, including the UK-wide Job Retention Scheme. With the extension of the Coronavirus lockdown measures yesterday, it is the right decision to extend the furlough scheme for a month to the end of June to provide clarity.

It is vital for people’s livelihoods that the UK economy gets up and running again when it is safe to do so, and I will continue to review the scheme so it is supporting our recovery.

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Rishi Sunak MP
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.

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