While the details are not yet fully available, the key points
announced by Chancellor Rishi Sunak today are:
The Coronavirus Job Retention Scheme (CJRS)/furlough will end as
planned at the end of October. For many employers, this may
unfortunately mean that redundancies are necessary.
A new Job Support Scheme (JSS) has been introduced: the aim
is stated to be to keep viable jobs. Three key principles were
announced:
1. Viable jobs are being supported. This means
that the employee needs to work at least 1/3 (33%) of normal hours
which will be paid by the employer. For the remaining hours not
worked, the employer pays 1/3 (so min 55% total) and the government
pays 1/3 (so 22% total) and the employee waives the remainder
(23%).
