UK Government extends furlough scheme
- 6th November 2020
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The UK Government has announced another extension to the Coronavirus Job Retention Scheme (CJRS) to support employers struggling to pay employees during the COVID-19 pandemic.
The furlough support scheme will now remain open until the end of March, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500.
Under the extended scheme, the cost for employers of retaining workers will be reduced compared to the current scheme. This means the extended furlough scheme is more generous for employers than it was in October.
As part of the revised scheme, anyone made redundant after 23 September can be rehired and put back on furlough.
The launch of the Job Support Scheme has been postponed and the Job Retention Bonus (JRB) will not be paid in February 2021 because of national developments related to the coronavirus pandemic.
For more information, please read the full press release.
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