The Chancellor, Rishi Sunak, has confirmed that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of October, with no changes until the end of July.
From August, the Government has said that furloughed workers will continue to receive 80 per cent of their usual salaries capped at £2,500. However, employers will have to “start sharing” the cost of the scheme. The extent to which employers will have to contribute to the cost is currently unspecified.
The Chancellor confirmed that the revised scheme would continue for all sectors and regions of the country, but will allow for greater flexibility to support the transition back to work.
Employers currently using the scheme will then be able to bring furloughed employees back to work part-time.
Details of these arrangements are due to be published by the end of May.