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New furlough changes now in force as UK Government support drops for nearly 2m workers
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dailyrecord.co.ukCoronavirus Job Retention Scheme started on Sunday, August 1 as part of the UK Government’s plan to phase out its financial support by the end of September.
The wind down in the furlough scheme comes after tens of thousands of businesses were given the green light to trade again as lockdown restrictions were eased further.
From the beginning of July, employers across the UK started making compulsory contributions to furloughed employees’ wages after The Treasury’s pay participation dropped from 80% to 70%.
This month's changes means workers on furlough will receive 60% of their pay from the UK Government (up to £2,187.50) and 20% (up to £625) plus pension and National Insurance contributions from their employer.
Read more on dailyrecord.co.uk
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