What Is The Furlough Scheme For October, Lewis Silkin Wind Down Of Furlough Scheme Timeline And Key Questions For Employers
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Scheme extended as england enters second lockdown.
Government vacation rewards star card. The furlough scheme is being replaced with a new job support scheme which will allow businesses to retain their employees on shorter hours for the following six months. The furlough scheme will effectively close on october 31 when it will be replaced by a new job support scheme for part time workers. What happens after october 31.
So far the furlough scheme has cost the exchequer almost 40bn since its launch in march. Under the coronavirus jobs retention scheme. The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support.
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 job retention scheme was set to be replaced with the job support scheme but it has now been extended. Story continues this scheme will be slightly different to the furlough scheme and is designed to support jobs that are not entirely dependent on government funds price explains.
Chancellor extends furlough scheme until october the governments coronavirus job retention scheme will remain open until the end of october the chancellor announced today tuesday 12 may 2020. 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.
Once the furlough programme ends on 31st october it will be replaced by a new government funded system of support the job support scheme on 1st november. The furlough scheme was due to end at the end of october but with just hours to go before the schemes conclusion the government announced it would be extended until december as a new national.
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