UK Government announces new Job Support Scheme
- 24th September 2020
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The UK Government has announced an emergency job protection plan to replace the furlough scheme, as part of a new economic rescue package.
From 1 November, for the next six months, the Job Support Scheme will directly support the wages of people in work, giving businesses impacted by the pandemic, the option of keeping employees in a job on reduced hours rather than making them redundant.
Employees will have to work at least one-third of their normal hours and be paid for that by the employer. The government and the employer will then each pay one third of the equivalent salary for the hours not worked.
All small and medium-sized businesses are eligible for the new scheme, but larger businesses will have to prove their profits have been affected by the pandemic. Employers do not need to have previously taken advantage of the furlough scheme to access this new support and are still eligible for the job retention bonus if they use the new scheme to bring workers off furlough.
The Job Support Scheme is designed to protect jobs and help businesses through the uncertain months ahead.
For more information please read the full press release.
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