Furlough Scheme Extended By Four Months

Announced by the Chancellor on the 12th May 2020, the Furlough Scheme put in place due to the Coronavirus pandemic will continue until the end of October.

However, there will be changes to the scheme with effect from August. The Government will continue to pay 80% of employees’ monthly wages up to £2,500 but companies will be asked by the Government to begin “sharing” the cost of the scheme.

This will see employers offering part-time work to employees where available. The part-time work will be paid for by the employer, whilst the remainder of the unpaid regular monthly wage will continue to be paid through the Furlough Scheme. How this impacts upon employment contracts is unclear.

Whilst this announcement has been a big relief to many companies, the Government are advising us to be aware that there won’t be a “silver bullet” and it is down to companies to work with the Government in supporting each other through this time. Some unions are now pushing for a job retention scheme to be introduced, in order to ensure everyone retains a “decent job”.

For any advice regarding the Furlough Scheme, or if you would like to discuss a business strategy to help your business offer employees part-time work during this time. Please click here to get in contact with us.

Coronavirus/COVID-19 Update

We are still here to help you

We have activated our plan for our team to work remotely as much as possible. The office is still open and there will always be someone on reception in normal working hours but for obvious reasons, the telephone and email are the best way to contact us as we follow the UK Government guidance to reduce contact.

If you have any direct questions about your business and the effects of the virus please get in touch with your usual contact or directly to me david@kirkhills.co.uk or adrian@kirkhills.co.uk