What is it?
In an unprecedented move in the history of the British State, the Chancellor Rishi Sunak has unveiled support to businesses to help prevent job losses.
Under the Coronavirus Job Retention Scheme, the Government announced that employers will be able to claim a grant from 1 March to cover 80 per cent of employees’ salaries up to a maximum of £2,500 per month. This scheme originally ran until 30 June. It has since been extended until the end of October, with changes effective from 1 July. The two variations in the scheme (pre and post June 30) are outlined in detail below.
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