Coronavirus Job Retention Scheme
Furlough scheme announced during the COVID-19 pandemic in the UK / From Wikipedia, the free encyclopedia
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The Coronavirus Job Retention Scheme (CJRS) was a furlough scheme announced by Rishi Sunak, the Chancellor of the Exchequer, on 20 March 2020, during the COVID-19 pandemic in the United Kingdom.[1] The scheme was announced as providing grants to employers to pay 80% of a staff wage and employment costs each month, up to a total of £2,500 per person per month. The scheme initially ran for three months and was backdated to 1 March.[2]
Following a three-week extension of the countrywide lockdown the scheme was extended until the end of June 2020.[3][4] At the end of May, the scheme was extended until the end of October 2020. After a second lockdown in England was announced on 31 October 2020, a further extension was announced until 2 December 2020,[5] this was followed on 5 November 2020 by a lengthy extension until 31 March 2021.[6] A further extension until 30 April 2021 was announced on 17 December 2020.[7] A day ahead of the 2021 United Kingdom budget held on 3 March 2021, it was confirmed that the scheme had been extended once more until 30 September 2021.[8]