Government Furlough Scheme After October, Coronavirus Covid 19 Furlough Scheme Extended Until October Fusionhr

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In october the government grant will be cut to 60 of wages up to a cap of 1875. Under the coronavirus jobs retention scheme. So far the furlough scheme has cost the exchequer almost 40bn since its launch in march.
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The furlough scheme which will have been open for eight months by october has been a lifeline for millions of people and as our economy reopens we want that support to continue.

Us government printing office store. The job support scheme will be available from november 1 so when. The governments coronavirus job retention scheme will remain open until the end of october the chancellor announced today tuesday 12 may 2020. The chancellors new measures were mainly aimed at avoiding a wave of redundancies and bankruptcies at the end of october when the current furlough scheme ends.

Employers will pay ni and pension contributions and 20 of wages to make up the 80 total up to a cap of 2500. Chancellor extends furlough scheme until. The furlough scheme will finish on october 31 when it will be replaced by a new job support scheme for part time workers.

Hours before the furlough scheme was due to end the government announced it would be extended until december to cover a further lockdown in england. Up until august the scheme would cover all costs of keeping an employee on payroll while requiring the employee to stay at home to both prevent mass redundancies as well as maintain the control on the pandemic. 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.

With the existing furlough scheme the governments contribution will fall in october to 60 of wages for the hours the employee is on furlough up to a cap of 1875. The governments headline furlough scheme has been helping businesses across the uk retain staff since the start of march. The number of people on furlough has fallen from a peak in may of 9 million to about 3 million in september.

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.

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Government Furlough Scheme After October, Coronavirus Covid 19 Furlough Scheme Extended Until October Fusionhr

The furlough scheme which will have been open for eight months by october has been a lifeline for millions of people and as our economy reopens we want that support to continue.

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