The Coronavirus Job Retention scheme will be extended until the end of June, chancellor Rishi Sunak has announced today.

Following yesterday’s (16 April) announcement that the social distancing measures are to continue for at least another three weeks, the Government has confirmed that affected businesses will be able to furlough staff for a further month, and that this new cut-off date will be extended again if necessary.

“With the extension of the coronavirus lockdown measures yesterday, it is the right decision to extend the furlough scheme for a month to the end of June to provide clarity,” said Sunak.

“It is vital for people’s livelihoods that the UK economy gets up and running again when it is safe to do so, and I will continue to review the scheme so it is supporting our recovery.”

The scheme, which was originally open for three months and backdated from the 1 March, entitles affected employees to an 80% Government wage subsidy up to £2,500 per month.