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UK Extends Job Retention Scheme for COVID-19

15 May 2020

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Approved Changes

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United Kingdom

The UK Chancellor of the Exchequer, Rishi Sunak, has announced an extension of the Job Retention Scheme that was introduced as part of a series of measures in March to support people, jobs, and businesses during the COVID-19 pandemic. The Scheme enables employers to contact HMRC for a grant to cover most of the wages of people who are not working but are furloughed and kept on payroll, rather than being laid off (covers 80% of the salary of retained workers up to a total of GBP 2,500 a month). The Scheme has now been extended through the end of...