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Government news channel. Express the government will pay only 70 percent of employees wages capped at 218750 from september. So far the furlough scheme has cost the exchequer almost 40bn. Changes to the furlough scheme image.
Chancellor rishi sunak is expected to announce an extension to the furlough scheme. At least 63 million workers laid off by the coronavirus crisis are currently having up to 80. The treasury hasnt given a precise end date though the chancellor rishi sunak tweeted that it would run another month.
The latest figures from hmrc have shown 96 million jobs were furloughed through the programme. An employee is entitled to 60 of the 2500 cap if they are placed on furlough for 60 of their usual hours. Currently monthly cost of furlough 8 billion monthly nhs budget 11 billion an estimated 27 million adults now.
Mr sunak said the scheme is more generous than the furlough scheme which currently sees the state cover up to 60 of employees wages capped at 1875 a month. The furlough scheme will now run until december. Under the terms of the extension the government will pay 80 of a workers salary while the employer will have to meet the cost of national insurance payments and pension contributions.
Employers are expected to. The coronavirus job retention scheme will close on 31 october 2020. However hm treasury will now extend the furlough scheme until december when it will be replaced by the job support scheme.
But new claimants can be added now. Government is paying the wages of 63million workers under furlough scheme. Employees on furlough will continue to get 80 of their salary up to 2500mth.
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