UK furlough scheme will be extended to September but employers are expected to show their contributions from July onwards.
Chancellor Rishi Sunak will announce on Wednesday a major extension of the coronavirus Job Retention Scheme that have protected about 11 million jobs since the outbreak.
Employees would continue to earn 80 percent of their salary until September, with a limit of £2,500, but companies must contribute a “small contribution” to the hours not worked by their staff.
Under the new plan, employers are expected to pay an employee 10 percent in July, and 20 percent in August and September.
The Treasury claimed hundreds of thousands more people will be eligible for the grants this time as tax returns are due in 2019/20.
Watch below👇 pic.twitter.com/nGyseaSWUs
— Rishi Sunak (@RishiSunak) March 2, 2021
This Wednesday, in a Budget first, I will be taking questions from the public and the press straight after my statement.
— Rishi Sunak (@RishiSunak) March 1, 2021