The Coronavirus Job Retention Scheme, which started in March, was due to end at the end of next month but will now run until the end of October.
Announcing the extension in the House of Commons today, Chancellor Rishi Sunak said the furlough scheme had protected about 7.5 million jobs at almost 1m companies.
Mr Sunak added, ‘I am extending this scheme because I won’t give up on the people that rely on it. We stood behind Britain’s workers as we came into this crisis, and we will stand behind them as we come through the other side.’
However, he said that from August companies will need to share with the Government the cost of paying salaries, although it is not yet known how much the contribution will be.
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