Chancellor extends Job Retention Scheme until end of October
By Rachel Lawler
Chancellor Rishi Sunak has confirmed that the Coronavirus Job Retention Scheme will now be available until the end of October 2020.
The Chancellor also said that there will not be any changes to the scheme until the end of July, with employers still able to claim up to 80% of furloughed workers' pay up to a maximum of £2,500 a month per worker.
From August onwards, the scheme will allow for greater flexibility with workers able to return to work part-time and the Chancellor suggested that employers may need to make greater contributions to their employees' salaries.
Previously, the scheme was set to finish at the end of July.
Neil Leitch, cheif executive of the Alliance, said: "While we welcome the extension of the Job Retention Scheme and the news that employers will be able to bring employees back part-time as of August, we remain incredibly concerned about the financial viability of the childcare sector, particularly over the next few months as providers look to potentially reopen.