Rishi Sunak has announced big changes to the Job Support Scheme (JSS) – set to replace furlough in November.
Instead of a minimum requirement of paying 55% of wages for a third of hours, as announced last month, employers will have to pay for a minimum of 20% of usual hours worked and 5% of hours not worked.
The government will now fund 62% of the wages for hours not worked. This more than doubles the maximum payment to £1,541.75. In the most generous case, the state will now go from funding 22% of wages to just under half.
The scheme will, as before, be open to all small businesses and larger businesses that can show an impact on revenues.
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