Source: HM Treasury

The scheme, which 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.

Following on from yesterday’s announcement to keep the social distancing measures in place, Rishi Sunak said the Coronavirus Job Retention Scheme (CJRS) would now be open until the end of June – providing businesses with the certainty they need.

However, the Chancellor said he would keep the scheme under review and extend it if necessary.

Further information:

Chancellor extends furlough scheme to end of June
Coronavirus Job Retention Scheme extended by one month to reflect continuing social distancing measures.