The government has confirmed its intention that furloughed employees will be paid 80% of their wages for hours not worked under the furlough scheme. Up to 30 June 2021, this payment will be fully-funded by government and capped at £2,500 per month. From 1 July…
Tag: Coronavirus
Coronavirus Job Retention Scheme (CJRS)
On 12 May 2020, the Chancellor confirmed that this scheme will be extended until 31 October 2020. On the 29th May he confirmed the details of how the scheme would be changed to a flexible arrangement from 1 July 2020. Until 1 September 2020, claims…
Self-Employed and Job Retention Scheme Changes
The Chancellor, Rishi Sunak, has outlined how the Coronavirus Job Retention Scheme will operate moving forward to allow for employees to return to work part-time. Following that announcement, self-employed workers got a boost when it was revealed that they will be able to get Government…
Support for businesses affected by the Covid-19 outbreak
The Chancellor, Rishi Sunak, outlined a raft of measures earlier in the week to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list that follows summarises his announcements in the order they were announced: • The Treasury is making available…