Yesterday the Chancellor delivered his Summer 2020 economic update (or mini-budget) setting out various measures to assist with stimulating the economy following Covid-19. The headline issue, from an employment law perspective, is the creation of a coronavirus job retention bonus. There are, however, some additional employment funding initiatives which were also announced.
On 12 June HMRC published further updates to the official guidance on the Coronavirus Job Retention Scheme (CJRS), including details of the flexible furlough scheme, which commences on 1 July 2020. We provide a link below to the guidance:
Since the latest Treasury direction on the Coronavirus Job Retention (“furlough”) Scheme was published last week, employers and advisers have been getting to grips with the latest changes.