In a boost to millions of jobs and businesses, the furlough scheme will be extended by a further four months with workers continuing to receive 80% of their current salary.
Chancellor Rishi Sunak, said, “Our Coronavirus Job Retention Scheme has protected millions of jobs and businesses across the UK during the outbreak – and I’ve been clear that I want to avoid a cliff edge and get people back to work in a measured way.
“This extension and the changes we are making to the scheme will give flexibility to businesses while protecting the livelihoods of the British people and our future economic prospects.”
Following a recent letter to Rishi Sunak in which The Association of Professional Staffing Companies (APSCo) asked for a managed withdrawal from the furlough scheme in order to get the UK economy back to work, the trade body has welcomed the announcement about the extension.
Thinking of appointing Dolan Accountancy?
Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Email JaimeAnn Swain, Chief Executive of APSCo, commented, “This is exactly what is needed. The fact that the full scheme has been extended until the end of July and then tapered down to allow workers back part-time until at least October is in line with our recommendations.
“Our view, as we expressed in the letter, was that the Job Retention Scheme should be refined to give firms the flexibility they require to gradually bring furloughed employees back to work on a part-time basis, and that the percentage of salary funded by government could then be tapered down to address any increase in working hours. We’d like to thank the government for listening to our views and providing a staged route to having employees back at work where they belong.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Trusted by over 1,000 contractors |