Furlough Scheme Extension

Key headlines

Full details have not been published but the key headlines are:

1. Current set-up is extended to 31 July – Government will cover up to 80% of furloughed employers wages.

2. From August, employers will be able to bring back furloughed workers on a part time basis

3. Employers will pay part time portion of wages and government will make up the difference to ensure employees receive 80% of their salary up to £2,500 per month.

Full announcement here: https://www.gov.uk/government/news/chancellor-extends-furlough-scheme-until-october

There have been no further announcements for the self employed sector or for limited company directors.

As always, we will keep you posted.

All the best

Andy Mildner