Employer contribution level reduced and number of required working hours also cut
Chancellor Rishi Sunak has today (22 October) announced a new support package for businesses to replace the furlough scheme from the start of November. It will reduce the level of employer contribution to 5% of a workers' salary - down from the previous level of 33%. The new measures, outlined just 10 days before the job support scheme (JSS) was due to come into effect, will also cut the number of hours an employee must work before a company can receive support, reducing it to 20% from 33%....
72% of people do not want pay for financial advice
Applied to whole of UK
Yvonne Braun appointed executive sponsor
Because IP is ‘more flexible than any other’