The Government has announced that the Coronavirus Job Retention Scheme has been extended by one month to reflect the continuing social distancing measures.
The extension allows UK businesses to continue to protect millions of jobs.
The scheme, which allows businesses to furlough employees with the Government paying 80 per cent of employees’ wages up to a maximum of £2,500, was originally open for three months and backdated from 1 March to the end of May. The Government has taken action to help the economy bridge through this period of national emergency so that as many people as possible can get back to work as the situation improves.
For further information on Government schemes that can help those experiencing financial difficulties;
