The Chancellor has today announced that the Coronavirus Job Retention Scheme, which will pay furloughed workers 80% of their wages up to a maximum of £2,500, has been extended to the end of June.

When it was first announced the scheme was expected to be open for three months, backdated from 1 March to the end of May.

Commenting on the extension, Rishi Sunak said: “It is vital for people’s livelihoods that the UK economy gets up and running again when it is safe to do so, and I will continue to review the scheme so it is supporting our recovery.”

This news comes as the lockdown measures were confirmed to last at least another three weeks.

Email Icon

Subscribe to our newsletter

By submitting your details you agree to receive email marketing from Harold Sharp and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

You have Successfully Subscribed!