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  • Writer's picturewayne simms

Furlough Scheme Being Phased Out

Updated: Aug 19, 2021

Earlier this year Chancellor Rishi Sunak announced he was extending the Coronavirus Job Retention Scheme until 30 September


However, according to the IFS, the bill for employers keeping a member of staff on the scheme will rise significantly, putting jobs at risk. For a furloughed employee previously earning £20,000 per year, the cost to an employer of keeping them will rise from £155 per month in June to £322 in July, and £489 per month in August and September, after which the scheme is due to end.


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