Coronavirus Job Retention Scheme extended until end of June 2020

Apr 17, 2020 | COVID-19

Coronavirus

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.