Employers to pay 20% under furlough scheme change
Chancellor Rishi Sunak is expected to announce a change in the Job Retention Scheme that would see employers required to pay a portion of the wages of their furloughed staff from August. While the Government currently pays 80% of wages for workers, the Treasury is set to announced that employers will be required to put forward 20% of this amount as of August – as well as covering their national insurance and pension contributions. The move would mean furloughed staff receive the same amount while the Government’s share of the burden is reduced. Reports suggests that the scheme will also be closed to new entrants from the end of June.