Extending the Coronavirus Job Retention Scheme

Protecting Jobs and Businesses by Extending the Coronavirus Job Retention Scheme

Our Coronavirus Job Retention Scheme has protected millions of jobs and businesses across the UK during the outbreak – and the Chancellor has been clear that he wants to avoid a cliff edge and get people back to work in a measured way.

The scheme is just one part of our world-leading economic response to coronavirus. As we move into the second stage of our response, we are focussed on not just on saving lives, but also saving livelihoods. That’s why we are taking unprecedented action to support businesses, jobs and our economy.

The Chancellor has today announced that the scheme will be extended until the end of October, a further four months. Until the end of July, workers will continue to receive 80 per cent of their current salary, up to £2,500 a month. From the start of August, the scheme will be more flexible, and furloughed workers will be able to return to work part-time with employers being asked to contribute towards some of the costs of their salaries.

We are supporting businesses and protecting people’s jobs by:

  • Extending the Coronavirus Job Retention scheme by four months, until the end of October
  • Providing flexibility to the scheme from the start of August, so that some furloughed workers can start to return to work part-time.
  • Introducing an unprecedented, world-leading economic response to support businesses while protecting the livelihoods of the British people and our future economic prospects.

You can read more HERE.