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Martin Lewis explains what furlough scheme extension means for all workers
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dailyrecord.co.ukThe UK Government’s furlough scheme, currently supporting 7.5 million jobs, will be extended until the end of October, although employers will be expected to pick up a share of the bill from August as the economy hopefully reopens.
The Coronavirus Job Retention Scheme pays 80 per cent of a worker's salary, up to a £2,500 monthly cap and will remain unchanged until the end of July - a one-month extension.
Chancellor Rishi Sunak said more than seven million people were furloughed but when lockdown restrictions begin to ease, some could begin returning to work on reduced hours, with the state and employers sharing the cost from August to provide the same level of financial support. "Employers currently using the scheme will be able to bring
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