Employers currently claiming furlough support have only one month left until the Coronavirus Job Retention Scheme closes.
Government financial contributions towards furloughed workers’ wages are due to end on 30 September 2021, when employers will be required to resume full responsibility for workers’ wages.
During September, the government will contribute 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough.
The scheme closure comes despite calls from industry and business leaders to continue the scheme and the financial lifeline it is providing employers in many sectors hit hard by the pandemic, such as travel.
Concerns have been raised that the end of the furlough scheme will result in mass redundancies as employers will no longer be able to pay their full wage costs without a return to full demand for their business.
Author
Gill Laing is a qualified Legal Researcher & Analyst with niche specialisms in Law, Tax, Human Resources, Immigration & Employment Law.
Gill is a Multiple Business Owner and the Managing Director of Prof Services - a Marketing Agency for the Professional Services Sector.
