Economy

Coronavirus Job Retention Scheme

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The UK Government has released new guidance for employers on the Coronavirus Job Retention Scheme. The scheme is for employers to use to claim for 80% of furloughed employees’ (employees on a leave of absence) usual monthly wage costs, up to ¬£2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage.¬†Read more here.