Job Retention Scheme Extended – Further details expected soon

May 13th, 2020     Covid-19 Business Support

The Chancellor announced yesterday that the Job Retention Scheme (JRS) will continue until the end of October 2020.

As part of these announcements, he stated that:

• furloughed workers will continue to receive 80% of their current salary (up to £2,500 cap); and
• new “flexibility” will be introduced from August.

The published story on the government website (see here) states that “The scheme will continue in its current form until the end of July and the changes to allow more flexibility will come in from the start of August”.

“From the start of August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff”.

Therefore, it appears “as you were” until the end of July 2020, at which point the JRS will significantly change.

We will, of course, provide further guidance when detailed guidance is released before the end of May 2020.

Please contact Andrew Price on 01803 296678 if you have any questions on this. Helping you navigate your business through these challenging times.