1/ Our job retention scheme has now supported more than 8 million jobs and over a million businesses.
Today I announced the final phase of this eight-month scheme. This thread outlines how we’ll introduce flexible furloughing in the coming months.👇
Today I announced the final phase of this eight-month scheme. This thread outlines how we’ll introduce flexible furloughing in the coming months.👇
2/ In June and July, the scheme will continue as before with no employer contribution at all.
The government will pay 80% of furloughed people’s wages, up to a maximum of £2,500. At the same time, the Flexible Furlough will start in July, one month early.
The government will pay 80% of furloughed people’s wages, up to a maximum of £2,500. At the same time, the Flexible Furlough will start in July, one month early.
3/ In August, the taxpayer contribution to people’s wages will stay at 80%.
Employers will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5% of total employment costs.
Employers will only be asked to cover National Insurance and employer pension contributions which, for the average claim, accounts for just 5% of total employment costs.
4/ By September, employers will have had the opportunity to make changes to their workplaces and business practices.
Only then, in the final 2 months of the 8-month scheme, will we ask employers to contribute 10% towards people’s salaries with taxpayers paying the other 70%.
Only then, in the final 2 months of the 8-month scheme, will we ask employers to contribute 10% towards people’s salaries with taxpayers paying the other 70%.
5/ In October, taxpayers will pay 60%, and employers will contribute 20%.
Then, after eight months of this extraordinary intervention of the government stepping in to help pay people’s wages, the scheme will close.
Then, after eight months of this extraordinary intervention of the government stepping in to help pay people’s wages, the scheme will close.
6/ @HMRCgovuk and @hmtreasury have worked hard to put the flexible furlough in place not from August 1st, as originally planned, but from July 1st, one month early.
And I’ve decided to provide the maximum possible flexibility, with no central definition of part-time hours.
And I’ve decided to provide the maximum possible flexibility, with no central definition of part-time hours.
7/ From July 1st, employers will have complete flexibility to decide on the right arrangements for them and their staff.
For instance, your employer could bring you back two days a week. They pay you for the two days and the furlough scheme covers the other three.
For instance, your employer could bring you back two days a week. They pay you for the two days and the furlough scheme covers the other three.
8/ To introduce this new, flexible furlough from July 1st, we need to close the old scheme to new entrants on June 30th.
Employers wanting to place new employees on the scheme will need to do so by June 10th, to allow time to complete the minimum furlough period before then.
Employers wanting to place new employees on the scheme will need to do so by June 10th, to allow time to complete the minimum furlough period before then.
