New furlough scheme announced
Andrew Crook - NFFF President
May 29, 2020

This afternoon’s Government press conference, led by Chancellor Rishi Sunak, focused on changes to the Job Retention Scheme, the new flexible furlough scheme and support for the self-employed:

Job Retention Scheme:

  • The scheme will close to new entrants on 30 June. It will continue in its current format in June and July, with no employer contribution
  • From August, the tax payer contribution will stay at 80% and employers will be asked to pay pension contributions and national insurance
  • From September, tax payers will pay 70% and employers will pay 10% of furloughed employees wages
  • From October, tax payers will pay 60% and employers will contribute 20%
    The scheme will then end at the end of October

New flexible furlough scheme:

  • A flexible furlough scheme will be in place from the 1st July
  • Employers will have full flexibility to decide the terms of their employees’ furlough. For example, employers can decide to bring employees into work two days a week, and then furlough them for three days a week

Self-employed income support scheme:

  • The self-employed can apply for a second and final grant in August
  • The grant will work in the same way as the first one, paid out in a single instalment, covering three months’ worth of average income
  • The value of the final grant will be 70% up to a total of £6,570

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