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12 May 2020

Rishi Sunak extends Coronavirus Job Retention Scheme to end of October 2020 and introduces changes from August

Introduced by

HM Treasury

Targeted at

Businesses, furloughed workers

Timings

Announced on 12 May 2020. Scheme will continue in its current form until end of July with changes from the start of August. Extended to the end of October

Stated aims

To protect jobs and incomes affected as a result of the COVID-19 response

Summary

Chancellor Rishi Sunak extends the Coronavirus Job Retention Scheme to the end of October 2020. From the beginning of August, furloughed workers can work part time with employers asked to pay a percentage towards the salaries of furloughed staff (substituting the current government contribution so that employees continue to receive up to 80% of their salary). Further details and information around the  scheme's implementation are to be made available by the end of May. The government will explore ways to support furloughed workers who want to do additional training or learn new skills.

Source(s)

Gov.uk news story