Chancellor extends Job Retention Scheme until October

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (JRS) until the end of October.

Burrows Scarborough in Coventry - call 024 7671 7633 or email info@burrows-scarborough.co.uk
Harwoods in Sutton Coldfield – call 0121 355 0901 or email info@harwoods-account.co.uk

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (JRS) until the end of October.

Mr Sunak confirmed that employees will continue to receive 80% of their monthly wages up to £2,500.

However, the Chancellor said companies will need to start sharing the cost of the scheme from August.

The scheme will continue from August to October 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 during this period.

Commenting on the extension, Mike Cherry, National Chairman of the Federation of Small Businesses (FSB) said 'Extending the JRS and allowing small firms to furlough staff on a part-time basis will protect thousands of livelihoods over the months ahead.

'Our members have been telling us loud and clear that the ability to furlough staff on a part-time basis will be central to aiding gradual recovery at a time when economic activity is still in the doldrums.

'We await further detail on the contributions that will be required of small employers after July. We need to ensure that those obligations are affordable for the many businesses that have had no revenue coming in for months now, but still have fixed overheads to worry about.'

Why you should choose us...

We continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

Learn more

Latest news
Sutton Coldfield

Please call:
0121 355 0901

1 Trinity Place, Midland Drive, Sutton Coldfield B72 1TX
Coventry

Please call:
024 7671 7633

Sovereign House, 12 Warwick Street, Earlsdon, Coventry CV5 6ET

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2020 Burrows Scarborough Limited. All rights reserved. powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.

Burrows Scarborough and Harwoods are practicing names of Burrows Scarborough Limited, which is registered in England - Company Number 4939546.
Registered to carry on audit work in the UK & Ireland by the Institute of Chartered Accountants in England & Wales - Firm number C001078720