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Furlough Scheme Extended Until October 2020

Chancellor of the Exchequer, Rishi Sunak, has extended the Government Furlough scheme until October 2020. The scheme was introduced on 1st March 2020 to support employers whose operations have been dramatically affected by COVID-19.

The chancellor revealed today in the house of commons that there will be no changes to the scheme until July and noted that in the August to October period the scheme will continue to help support businesses with the transition back to work and normality.

Employers that are currently using the scheme will be able to bring furloughed employees back to work part time.

Currently there are around 7.5 million individuals rolled onto the scheme which sees the government paying 80% of employees wages up to £2,500 a month. This is rising each day nearer to the 8.3 million figure predicted by the government in the latest Budget.

More information on the changes will come at the end of the month.

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