The government have today announced the extension to the coronavirus job retention scheme for furloughed employees. The scheme will continue until the end of October with workers continuing to receive 80% of their current salary up to a maximum of £2,500. Figures released today estimate that around 7.5m employees have currently been furloughed.
The scheme will remain in its current guise until the end of July but new flexibility will be introduced from August. Full details have not yet been released as to what this flexibility will entail but initial guidance is that employees will be able to come back to work on a part time basis, under the current scheme furloughed employees are precluded from doing any work for their employer, and the employer will be required to contribute towards part of the furloughed employees salary.
Full details of how the new flexible rules will operate and what contributions employers will be required to make are expected to be announced by the end of this month.
If you have any questions on these new announcements please do not hesitate to contact your usual RPG contact.
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