Rishi Sunak announces new retention scheme as furlough comes to an end

The Chancellor Rishi Sunak has this afternoon confirmed that the job retention scheme will end on 31st October this year.

According to the treasury £20.8billion has so far been claimed covering 9.1million jobs.

Mr Sunak then introduced a new jobs retention bonus for employers bringing back employees from furlough.

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Should those employees be retained until at least January then they will receive a bonus of £1,000 per employee.

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