Chancellor extends Coronavirus Job Retention Scheme until end of October

The Chancellor has just announced in Parliament that:

• the Coronavirus Job Retention Scheme will remain in place and be available to all sectors through to the end of October
• the scheme will continue without change until the end of July
• from August there will be greater flexibility
• in particular, employers currently using the scheme will be able to bring furloughed employees back part-time and employers will also be asked to ‘start sharing the cost’ of the scheme, and
• the support provided by the scheme will continue at the same level (i.e. 80% of a furloughed employees' wages (subject to the £2,500 per month cap) plus associated NICs and auto-enrolment minimum employer pension contributions).

Full details will be available by the end of May.

In the meantime, the Treasury press release is available here.

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