Chancellor Rishi Sunak has said employers will pay 10 per cent of salaries from September, and 20 per cent from October, before the scheme closes.
He also announced a “new flexible furlough” which will allow people to work part-time, so people can start to contribute.
This will come in from July 1, rather than August 1 as planned.
The chancellor confirmed that the self-employed income scheme will also be extended for a final grant.
Get the latest headlines: https://www.telegraph.co.uk/politics/2020/05/29/boris-johnson-coronavirus-lockdown-uk-update-news-latest/?WT.mc_id=tmg_youtube_offsite_televideo&utm_source=tmgoff&utm_medium=tmg_youtube&utm_content=offsite_televideo&utm_campaign=tmg_youtube_offsite_televideo
Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK’s best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
In This Story: Lockdown
During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.
3 Recent Items: Lockdown
In This Story: Rishi Sunak
Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.
His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.
Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.