The new Job Support Scheme
As we are aware the furlough scheme will come to an end on the 31st October 2020.
The Government has set out its continuing job retention measures in a statement to the House of Commons today (24.9.20.)
The premise of the scheme is to bring people back to work.
Employees will have to work at least one-third of their normal hours and be paid for that by the employer.
For remaining hours not worked, the Government and the employer will pay one third of the wages each.
It will be open for six months starting in November.
Employers do not need to have taken advantage of furlough to access this new scheme, and are still eligible for the job retention bonus if they use the new scheme to bring workers off furlough.
It is hoped that this new scheme will support the wages of those in work, keep employees in work on shorter hours and limit the need for redundancies.
Read more about the Government’s Winter Economy Plan.
Further details are expected soon.
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