UK Coronavirus Job Retention Scheme To Be Extended To 31 March 2021
Thursday 05 November, 2020 Written by Simon Collyer
FURLOUGH SCHEME - Chancellor Rishi Sunak has announced in the past hour his plans to extend the furlough scheme to 31 March 2021 in order to "give businesses security through the winter."
Full details are to be published on 10 November which will include:
o Anyone made redundant after 23 September can be rehired and put back on furlough.
o Employees can be furloughed even if they have not been before.
o The scheme will pay up to 80% of a person's wages up to £2,500 a month - this is more generous than what was paid up to August.
o The scheme will be reviewed in January 2021.
o Flexible working under furlough will continue.
o The Job Support Scheme and the Job Retention are on hold.
It is likely that many employers will wish to revise their current redundancies plans in light of this extension - I hope so.
This welcome news unfortunately reflects the concern that the new national lock down could continue beyond 2 December.
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