It was announced on 26 January that the Coronavirus Job Retention Scheme (commonly known as furlough) is to be extended once again. This time it is to be extended from 31 March 2021 to 30 April 2021.
The amount that an employer can claim under the scheme will remain the same (being 80% of an employee’s salary, capped at £2,500 per month, in respect of hours not worked), it is just the length of the scheme that has changed.
Given that the UK economy is still in lockdown, the extending of the scheme is to be welcomed. However, the reality may be that, for some employees, all the extension is doing is kicking the harsh can of redundancy further down the line.
The law in this article is current as of 1 February 2021.
© 2021 GSC Solicitors LLP. All rights reserved. GSC grants permission for the browsing of this material and for the printing of one copy per person for personal reference. GSC’s written permission must be obtained for any other use of this material. This publication has been prepared only as a guide to provide readers with general information on recent legal developments. It is not formal legal advice and should not be relied on for any purpose. You should not act or refrain from acting based on the information contained in this document without obtaining specific formal advice from suitably qualified advisors.