Chancellor Rishi Sunak update statement on coronavirus.
The text of the Chancellor’s announcement in the House of Commons, about the extension of the Coronavirus Job Retention Scheme, earlier this afternoon is reproduced below:
Chancellor Rishi Sunak said.
“I can announce today that the Job Retention Scheme will be extended for four months, until the end of October, by that point we will have provided eight months of support to British people and businesses.
Until the end of July there will be no changes whatsoever, then from August to October the Scheme will continue, for all sectors and regions of the UK but with greater flexibility to support the transition back to work.
Employers currently using the Scheme will be able to bring furloughed employees back part-time and we will ask employers to start sharing with the Government the cost of paying people’s salaries.
Full details will follow by the end of May. But I want to assure people today of one thing that won’t change, workers will through the combined efforts of Government and employers continue to receive the same level of overall support as they do now at 80% of their current salary up to £2,500 a month. Mr Speaker I am extending this Scheme because I will not give up on the people who rely on it…”
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