September 25th, 2020.


The government is to pay one-third of the wages of small business workers on reduced hours through its new Jobs Support Scheme.

Rishi Sunak announced the six-month Jobs Support Scheme to follow on from the coronavirus furlough scheme and begins on November the 1st.

Employees must work at least one-third of their normal hours and be paid as normal. The government will then top up, covering one-third of pay lost by reducing hours, the business owner will cover another third and the employee will take a 33 per cent pay cut.

The level of government grant will be calculated based on an employee’s usual salary, capped at £697.92 per month.

Only full-time staff will be eligible for the Jobs Support Scheme.

The Jobs Support Scheme is designed to support full-time staff where there is not enough demand to justify them working a five-day week.


For the full story at smallbusiness.co.uk CLICK HERE.