Job Support Scheme (November for 6 months)

[JohnL]

Chancellor didn't give all the details, just a summary - seems to me that

Employee must work at lease 1/3rd of full time and up to 2/3 can be furloughed.

For the furloughed portion

Employer and government pay a 1/3 each

Employee sacrifices 1/3 full time wages

Also if you work for a large firm they must demonstrate loss of turnover.

it's still cheaper to keep one person full time than two people using this scheme BUT maybe there would then be costs of redundancy and the job retention bonus of 1000 will still be paid so ....