Furlough scheme extended to October

General

The UK furlough scheme has been extended by four months to the end of October, Chancellor Rishi Sunak has announced.

Employees will continue to receive up to 80% of their monthly wages up to £2,500.

However, from August workers can return to their jobs part-time, with employers being asked to pay towards to the salaries of their furloughed staff.

The scheme is currently costing £14bn a month.

Around 7.5 million people are supported by the scheme across around 1 million companies.

This post has originally been featured in Property Wire.