Furlough scheme extended until October

Cabinet Reshuffle

The Furlough scheme, officially known as the Job Retention Scheme, has been extended until October.

Chancellor Rishi Sunak, making an announcement in the House of Commons, confirmed that employees would continue to receive 80% of their salaries up until the end of October.

This makes the furlough scheme eight months long in total.

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He explained how until the end of July there will be no changes, but detailed how there will be “greater flexibility” from then until the end of October.

This move is aimed at allowing firms to put employers back into work on a part-time basis, if needed.

The Job Retention Scheme has helped 7.5 million workers in the UK in total so far, with the chancellor today confirming that this will continue to provide 80% of salaries up to £2,500.

The Chancellor’s message that the Government and specifically the Treasury continues to do “everything we can” to protect workers throughout the crisis.

His announcement follows Boris Johnson’s address yesterday which laid out the Government’s roadmap for getting the nation back to work.The Government also set out a five-point plan to help employers get their businesses back to work here.

This is a breaking story and will continue to be updated.

Tags : businesschancellorfinancefurlough
Alex Douglas

The author Alex Douglas

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