On 5 November the Chancellor announced that the extension to the Coronavirus Job Retention Scheme (CJRS) will run until 31 March 2021. Under the extension, employees will receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. The Government also confirmed there will be a review of the policy in January, to decide whether economic circumstances are improving enough to ask employers to contribute more. In the meantime the Job Support Scheme has been postponed.
Full guidance is due on Tuesday 10 November and the claims portal will open on 11 November, therefore we are moving our virtual event by two days to Thursday 12 November at 2:00pm.
As there have been a significant number of changes over the past week, and whilst we wait for further information, we have set out some of the key points employers need to know: