How Does New Furlough Scheme Work, Covid 19 Updates Summary Of The Uk Government S Policy On Furlough
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Coronavirus Job Retention Scheme The Details New Furlough Scheme After October 2020
The level of the grant that can be claimed is reverting to that available in august 2020.
New furlough scheme after october 2020. Under the coronavirus jobs retention scheme. The scheme will start on november 1 the day after the other furlough scheme ends. So far the furlough scheme has cost the exchequer almost 40bn since its launch in march.
The job support scheme which replaces the furlough scheme at the end of the month is made more generous for businesses employees must work a minimum of 20 of hours to get help. The scheme saw the government pay up to 80 per cent of more than nine million workers wages during the height of the pandemic capped at. How will the extended furlough scheme work.
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. Firms will pay workers for hours they work. Furlough has been a lifeline for workers and businesses during lockdown enabling staff to be kept on with wages topped up by the government.
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. The number of people on furlough has fallen from a peak in may of 9 million to about 3 million in september. Furlough scheme will be replaced with a job support scheme jss to directly support wages of staff working at least a third of regular hours.
Its open to all small and medium sized businesses even if they didnt use the furlough scheme beforehand. 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. Now you must work at least 20 of normal hours originally 33 before last.
Furlough was introduced in march but ends on october 31.
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