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Is the furlough scheme going to be extended. Job retention scheme explained. The scheme pays out up to 6700 6130 per month for employees with children much higher than the uks 2500 cap and has been extended until at least the end of 2021. So far the furlough scheme has cost the exchequer almost 40bn since its launch in march.
The coronavirus job retention scheme cjrs better known as the furlough scheme will be extended for another month following the announcement of a new national lockdown. The extended uk wide furlough scheme will run until wednesday december 2 covering 80 per cent of the salary for hours not worked due to compulsory lockdown up to a maximum of 2500. The government has extended the furlough scheme for uk small business employees at 80 per cent of wages for days not worked.
How the uk furlough scheme compares with other countries. Any company seeking to cut more than 100 jobs must run a 45 day consultation meaning 18 may was the last date employers could start this process before the furlough scheme ended in june. Under the coronavirus jobs retention scheme to give furlough its official title employees placed on leave receive 80 of their pay up to a maximum of 2500 a month.
The scheme was originally designed to run for three months. Coronavirus job retention scheme will continue until end of october. Between march and july the government paid for 80 of furloughed workers wages up to 2500 a month and it also covered employers national insurance ni and.
Short time work allowance has been a long standing policy in germany compensating workers for taking a cut in hours. The number of people on furlough has fallen from a peak in may of 9 million to about 3 million in september. The furlough scheme officially known as the job retention scheme has now been extended until the end of june.
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