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Natasha bernal is wireds business editor.
Self employed scheme extension. 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. Not sure what the furlough scheme is. The furlough scheme means that from march 1 and for at least three months uk companies can furlough employees rather than firing them.
Before you get into the full detail below heres mse founder martin lewiss analysis of the announcement. Its open to all small and medium sized businesses even if they didnt use the furlough scheme beforehand. The scheme will start on november 1 the day after the other furlough scheme ends.
The furlough scheme was first introduced in march in a bid to help people unable to work throughout the coronavirus pandemic and prevent mass redundancies. See our coronavirus employees help guide for full information including whos eligible for the scheme. Through the scheme the government will pay up to 80 of peoples wages up to a maximum of 2500 per month.
Updated july 29 2020 1300 bst. 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. 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 scheme will come to an end on 31 october 2020 as previously announced. 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. This article is being regularly updated to include the latest information about the uks furlough scheme.
All you need to know about the coronavirus job retention scheme this article is more than 4 months old the scheme has been estimated to cost the treasury 12bn per month for 75m.
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