Good news for many! Following on from yesterday’s announcement to keep the social distancing measures in place, for a minimum of a further three weeks, the Chancellor announced, the Coronavirus Job Retention Scheme would now be open until the end of June. This will provide many businesses some certainty for their employees future during these uncertain times.
The Coronavirus Job Retention Scheme, allows firms to furlough employees with the government paying cash grants of 80% of their wages up to a maximum of £2,500, was originally open for three months and backdated from the 1 March to the end of May. However, with the business world changing day by day, the Chancellor said he would keep the scheme under review and extend it if necessary. Read our last article on furlough here where we explain in depth.
The government has taken a tremendous amount of unprecedented action to help the economy and society bridge a period of national emergency so that as many people as possible can get back to work as the situation improves. Future decisions on the scheme will take into account further developments on the wider measures to reduce the spread of Coronavirus, as well as the responsible management of the public finances.
Our plan is to help as many businesses through this period as possible so that they come out of the other side thriving. We are aware that other companies are charging. As long as the process is, our investment to our clients is that we will be furloughing any of our clients staff at OUR cost so not one of our clients will receive an additional expense for Furloughing during this time. You needn’t worry about another expense during this crisis. Contact us for further information on 02085300720 or enquiries@nordens.co.uk
