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It is also better than the last two months of the furlough scheme where employers had to make an additional contribution of 10 or 20 of pay the furlough extension takes us back to the rules which applied in august with one important change.
New york furlough scheme. 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. The job support scheme for open and closed businesses will now be postponed until the end of the furlough scheme. So far the furlough scheme has cost the exchequer almost 40bn since its launch in march.
The scheme will apply throughout the uk but will be reviewed by the government in january. But michael gove has warned that lockdown could be extended which could mean the furlough scheme is kept open too. 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.
Under the coronavirus jobs retention scheme. Chancellor extends furlough scheme until. The number of people on furlough has fallen from a peak in may of 9 million to about 3 million in september.
The extension is open to any employee who was on the payroll and for whom a paye return. Today the prime minister said the governments coronavirus job retention scheme cjrs also known as the furlough scheme will remain open until december with employees receiving 80 of. The governments coronavirus job retention scheme will remain open until the end of october the chancellor announced today tuesday 12 may 2020.
The scheme is applicable to all uk businesses and all paye employees including part time agency flexible and zero hours contracts who were on payroll as at 2359 on 30 october 2020. Workers on furlough will get 80 of their usual salary for hours not worked up to 2500 a month. The scheme is expected to come to an end when lockdown ends on december 2.
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