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Furlough Scheme Update

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12 May 2020

The government has extended the coronavirus job retention scheme until October, an extension of four months, with the current format of the scheme remaining the same until the end of July.

The Chancellor of the Exchequer also indicates that the scheme will become more flexible from August to October.

He is expected to unveil what this flexibility will look like later in May, but it is likely that employers will be able to bring furloughed employees back part time. The scheme will cover part of the employees’ salaries at this stage with employers paying a share too.

This will allow employers whose businesses face a return to work at a far lower level of capacity than before the lockdown to scale the resource required to get them back to speed. There are no details at this stage about how much businesses will have to pay employees.

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