The Job Support Scheme
The Chancellor, Rishi Sunak, announced today that the Coronavirus Job Retention Scheme (the Furlough Scheme) will end as planned on 31 October 2020. However, he has provided some much needed relief for employers who have been hard hit by the Coronavirus in announcing the Government’s new initiative to support struggling employers, the Job Support Scheme (the Support Scheme). The stated aim of the Support Scheme is to support viable businesses to retain viable jobs in what will undoubtedly be a continued period of significant economic uncertainty.