In a boost to millions of jobs and businesses, the Chancellor has announced that the Furlough Scheme would be extended by a further four months with workers continuing to receive 80% of their current salary.
To support people in getting back to work, 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.
New statistics published today revealed the Coronavirus Job Retention Scheme has protected 7.5 million workers and almost 1 million businesses.
The scheme will continue in its current form until the end of July and the changes to allow more flexibility will be introduced from the start of August. More specific details and information around its implementation will be made available by the end of this month and the Chancellor hinted at the 80% figure being amended in some way, potentially with employers needing to top up the difference.
We eagerly await more information and as soon as more details are published we will advise accordingly.
If you need any support with the furlough claim, or have any questions about payroll in general, then please contact Hannah Dumenil, Head of Payroll on [email protected]