FURLOUGH LEAVE EXTENDED
Since the creation of the Coronavirus Job Retention Scheme on 19 March 2020, the Government has contributed towards the wages of 7.5 million workers and it is estimated that it has cost over £14 billion to date.
On 12 May 2020, The Chancellor, Rishi Sunak announced that the government will be extending the Coronavirus Job Retention Scheme until 31 October 2020. This allows employees to remain on furlough leave until this time.
Employees will continue to receive 80% of their salary up to £2,500 per month, but from August the Government intends to ask business to start "sharing the cost". Employers will also be given flexibility under the scheme and will be entitled to ask employees to come back to work on a part-time basis
Further guidance and information on the amended furlough scheme are due to be released by the end of May.
If you have any questions about placing, or keeping employees on furlough, please do contact a member of our Employment Team on 01522 814638.