The Chancellor of the Exchequer extends the Job Retention Scheme until October 2020

In response to an Urgent Question, the Chancellor of the Exchequer, Rishi Sunak MP, has announced that the Job Retention Scheme will be extended for four months until the end of October 2020.

A summary of the key elements of the Chancellor’s announcement is below:

  • Until the end of July, there will be no changes whatsoever.
  • From August to October, the scheme will continue for all sectors but with ‘greater flexibility to support the transition back to work’.
  • Employers currently using the scheme will be able to bring furloughed employees back part time.
  • The Government will ask employers to start sharing with the Government the cost of paying people’s salaries.
  • Workers will continue to enjoy the same level of support that they do now: 80% of their salary up to £2,500 a month.
  • Full details will follow by the end of May.

For the latest information and updates please visit TIGA’s dedicated COVID-19 webpage.


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