The UK furlough job retention scheme has been extended until October 2020 at the latest, as confirmed by Chancellor of the Exchequer Rishi Sunak in parliament today.
1/ The job retention scheme will be extended, for four months, until the end of October.— Rishi Sunak (@RishiSunak) May 12, 2020
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 to the scheme whatsoever. pic.twitter.com/gQznY4c2Ir
He has also confirmed that workers will continue to receive 80% support of their wage packets on the scheme, with no plans to review this until end of July.
Around 7.5m jobs have been furloughed so far, which may otherwise have been lost entirely, leaving the public in a very concerning financial state.
He confirms the next stage of the furlough scheme will be extended for four months until the end of October, going further than expected.
From August to October, the scheme will include greater flexibility, allowing employees to bring furloughed employees back part-time.