New Furlough Scheme Name, Job Support Scheme What Do The October Furlough Changes Mean
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Closed businesses and their workers where the.
What is furlough leave mean. Furlough rules are changing again next week as the scheme enters its final month. 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. The original furlough scheme paid 80 of normal wages.
The scheme in which employees receive four fifths of their current salary up to a maximum of 2500 of. The number of people on furlough has fallen from a peak in may of 9 million to about 3 million in september. After being gradually scaled back.
The furlough scheme will be extended until the end of march the chancellor has announced. The government will lower its contribution again from october 1 before the scheme finishes completely at the end o. The new schemes will only cover two thirds.
The new system will replace the coronavirus job retention scheme commonly known as furlough which was launched in march to cover 80 of workers wages. Its open to all small and medium sized businesses even if they didnt use the furlough scheme beforehand. Under the coronavirus jobs retention scheme.
Its more complicated than the furlough scheme with different levels of support depending on the businesses. The new job support scheme will be available from november 1 and run for six months. While some firms will top up pay many wont.
Chancellor rishi sunaks original furlough scheme paid 80 per cent of wages up to a maximum of 2500 a month but was gradually wound down over the summer and was due to end today. That jss would have been less generous than the original furlough scheme to people whose venues are.
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