What is replacing furlough
What is replacing furlough?
Mr Sunak has announced that from 1st November 2020 for 6 months a new ‘Jobs Support Scheme’ will replace the ‘Job Retention Scheme’ which comes to an end on 31st October 2020.
This scheme will top-up salaries in companies that cannot take employees back full-time. Employees must work at least a third of their normal time to be eligible. The government and employer will each pay a third of wages. The government says this will mean the employee will get at least 77% of their pay.
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