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UK furlough scheme to be wound down - but there will be no ‘cliff edge’ on June 30

10.07.2020 - 23:59

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dailyrecord.co.uk

dailyrecord.co.uk:

Chancellor Rishi Sunak has promised UK workers and employers there will be no "cliff-edge" cut-off to the Government's furlough scheme.

Some 6.3million workers have been placed on the Government’s Coronavirus Job Retention Scheme since it launched in April, costing the taxpayer £8billion.

Under the scheme, employers can claim a grant covering 80 per cent of the wages for a furloughed employee, up to £2,500 a month.

Any UK organisation with employees affected by the Covid-19 crisis can apply for the Government help as long as they had set up a payroll scheme before March 19.