Chancellor announces Plan for Jobs to help Businesses
Chancellor, Rishi Sunak announced a plan for jobs on 8 July 2020. We set out some of the key highlights. Furlough will not be extended: although it seems attractive, it will be worse for the economy to extend it. So, it will end in October 2020. A new policy has been introduced to reward and incentivise employers who successfully bring furloughed staff back – a new Jobs Retention Bonus. As an employer, if you bring someone who was furloughed and you continuously employ them through to January 2021, the Government will…