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Breaking News – Furlough Scheme Extended

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Posted on: May 12th, 2020 by Austen | | Categories: Uncategorised

Breaking News – Furlough Scheme Extended

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Chancellor Rishi Sunak has announced an extension to the furlough scheme that is helping millions of workers through the coronavirus crisis.

More than 6m people are currently having up to 80% of their salaries paid by the Government during the coronavirus pandemic in a huge Government intervention designed to help businesses through the crisis.

The Chancellor had warned that he wanted to “wean” staff and companies off the programme which currently runs until the end of June – but businesses and business leaders had asked for it to be extended.

Mr Sunak today confirmed the scheme would continue unchanged until October and vowed that he and the Government would continue to support British businesses and workers. He said he would continue talking to unions and to business groups about his plans for the economy.

It will remain unchanged but the government will ask companies to “start sharing” the cost from August onwards.

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