We are fast approaching the end of the Government’s highly successful furlough scheme. The scheme, which closes at the end of October, has been pivotal in saving millions of jobs through the COVID-19 crisis and the UK’s first nationwide lockdown.
However, current ONS figures suggest that around a tenth of employees were still furloughed at the beginning of September. This equates to more than 2 million people who, if not back in full employment by the end of next month, will sadly face redundancy.
With the resurgence of the epidemic, and new coronavirus rules announced by the Prime Minister earlier this week, Chancellor Rishi Sunak has come under increasing pressure to announce further measures to protect jobs.
Today (24 September, 2020), he addressed the House of Commons to outline his plans for a new coronavirus financial platform known as the Job Support Scheme.
The main points of the scheme are summarised below:
The effect of coronavirus on businesses continues to be fast-changing so it is important to obtain bespoke legal advice to ensure you are properly protected.
If you have any questions regarding the impact of the Coronavirus upon your business or are seeking up-to-date legal advice on employment matters, contact Peter Rolph on 01202 294 566 or email [email protected] Alternatively, contact a member of our Employment team in Bournemouth.
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