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The Job Support Scheme will launch on 1 November. Coodes Solicitors employment specialist Philip Sayers outlines the key points for employers.
In his Winter Economy Statement on 24 September the Chancellor unveiled a new raft of support for businesses, including the Job Support Scheme.
The Coronavirus Job Retention Scheme (CJRS) has been a vital lifeline for employers with more than nine million employees on furlough at its peak. Although those numbers have since reduced somewhat as many employees have returned to work, millions remain on furlough or flexible furlough.
There has been growing concern that a raft of redundancies would follow the expiry of the scheme on 31 October. Therefore the Chancellor was under pressure to mitigate that risk. He was always clear that the CJRS could not continue in its present guise and announced a replacement scheme in his Winter Economy Statement.
The Job Support Scheme will commence on 01 November 2020, the day after the CJRS comes to an end. It will last for six months and is designed to support the wages of employees who are in viable jobs but are currently working shorter hours due to the effects of Covid-19.
Here are the key points for employers:
For more information or advice, please contact the Employment team at Coodes Solicitors: 0800 328 3282 or cde@coodes.co.uk
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