Furlough Scheme Extended

Charlotte Allen
November 9, 2020

We realise that this is a lot of accronyms, but bear with us...

On 5th November 2020, Chacnellor Rishi Sunak announced that as part of the new national lockdown the CJRS (Coronavirus Job Retention Scheme) has been extended until 31st March 2021.

This latest update overrides previous announcements from the government that both the CJRS would be replaced by both the Job Support Scheme (JSS) and that CJRS would only run until December 2020. A statement from the Treasury also confirmed that the Job Support Scheme (JSS), which had been due to launch on 1st November has now been postponed, and will not start until the CJRS has closed.

The CJRS was due to have ended on 31st October after being scaled down to cover 60% of salaries during that month. However, as the scheme continues, it has also reverted to its original level of support. Furloughed employees will receive 80% of salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions. As previously, employers may top up the wages to 100% if they so wish.

Chancellor Rishi Sunak said that the scheme will retain the flexible element and furloughed employees will receive 80% of their current salary for hours not worked, up to a maximum of £2,500.

If you have any questions or we can help you with any COVID-19 business support please get in touch. Email the team hello@thebusinesshut.co.uk or call 01858 289 189.
Thanks for stopping by,
Charlotte & The Business Hut Team

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