Flexible furlough scheme begins a month earlier than expected

From 1 July

Adam Saville
clock • 1 min read

From 1 July businesses are allowed to being furloughed employees back to work on a part-time basis and firms will be given flexibility to decide the hours and shift patterns of employees.

The government will continue to pay 80% of salaries for the hours they do not work. According to the government, the Coronavirus Job Retention Scheme (CJRS) has so far protected more than 9.3 million jobs throughout the pandemic, with employers claiming more than £25.5bn to support wages. It was announced in May that the scheme would be extended to October, with the introduction of flexible part-time returning to work was originally planned for August. Chancellor of the Exchequer Rishi Sunak said: "Our number one priority has always been to protect jobs and businesses through this out...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Three advisory firms join Quilter's advice network

Three advisory firms join Quilter's advice network

Efinity Wealth, Harris & Co Wealth Management, and Secure Financial Planning

Sahar Nazir
clock 18 December 2024 • 1 min read
Advisers struggle to identify ESG-aligned options for clients amid rising demand

Advisers struggle to identify ESG-aligned options for clients amid rising demand

More than two-fifths plan to offer ESG analysis services to all clients in future

Sahar Nazir
clock 17 December 2024 • 2 min read
SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

First year marked by challenges and change

Sahar Nazir
clock 17 December 2024 • 11 min read