The Chancellor has just announced in Parliament that:
- the Coronavirus Job Retention Scheme will continue without change until the end of July
- the Scheme will remain in place and available to all sectors through to the end of October, but from August there will be greater flexibility. Employers currently using the scheme will be able to bring furloughed employees back part-time. Employers will also be asked to ‘start sharing the cost’ of the scheme. Employees will continue to receive at least 80% of their wages subject to the £2,500 per month cap. Full details will be available by the end of May.
The Treasury press release is available here.