Coronavirus Job Retention Scheme Extended to End of OctoberPublished on: 12 May 2020
The Chancellor, Rishi Sunak, has announced today that the Job Retention Scheme will be extended to the end of October.
There are to be no changes in the Scheme until the end of July: 80% of employees’ pay up to a cap of £2,500 per month will still be funded, plus associated auto-enrolment pension contributions and employer national insurance contributions.
However, the Chancellor said the government will ask companies to "start sharing" the cost of the scheme from August onwards, with “greater flexibility to support the transition back to work”.
Employers are to be able to bring furloughed employees back part-time whilst still being able to claim funding – something which is not possible at present.
More details are to be announced by the end of May.