The Government announced over the weekend that the Coronavirus Job Retention Scheme has been extended for a month with employees receiving 80% of their current salary for hours not worked and further economic support was announced.

More details on the measures can be found at;

https://www.gov.uk/government/news/furlough-scheme-extended-and-further-economic-support-announced

A summary of the announcements is as below;

• Job Retention Scheme extended for another month. Businesses can bring employees back  part time
• Mortgage holidays will be extended
• Further Business Grants for businesses required to close in England due to local or national restrictions will be eligible for the following:
  • For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
  • For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
  • For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.