News

Furlough Scheme - reminder

As we reported back in July, September is the first stage of the Chancellor winding down the Coronavirus Job Retention Scheme (JRS) with the scheme coming to an end in October. So far there are no plans to extend the scheme, which has so far cost £35bn with one in twelve employees benefiting.

From 1 September the grant falls to 70 percent of reference salary, subject to a monthly cap of £2,187.50.

From 1 October the grant will fall to 60 percent of reference salary, subject to a monthly cap of £1,875.

The employer must fund the difference between the reducing JRS grant and the minimum payments it is required to make to furloughed employees in respect of non-working hours. Employers must also pay employees for all the hours that they work.

It is widely thought that this will increase pressure on businesses who have not been able to return to anything like pre-covid operating profits and as such it is expected that employers will have to make tough decisions regarding staff and potential redundancies.

Posted on 09/11/2020 by Ortolan

Get in Touch

If you would like to know more about Ortolan Legal and how we can help you reduce your ongoing recruitment costs, get in touch!

Email us now

   Or call 020 3743 0600

Unipart Group has used Ortolan Legal’s services to supplement our in-house legal team for a number of years. We keep coming back to them because their unique combination of experienced, high quality lawyers at extremely cost-effective rates sets them apart from other law firms. It also has to be said that their team are personable, highly commercial and very responsive. I would recommend them without reservation.

Richard Collins, Group Legal Director Unipart
See All

Meet the Team

  • Nick Benson Nick Benson I qualified as a commercial and corporate solicitor…
  • Liz Delgado Liz Delgado I qualified as a solicitor in 1995 after studying…
  • Carrie Beaumont Carrie Beaumont I qualified as an Employment specialist in 2008. I…