Chancellor Rishi Sunak
The government’s Coronavirus Job Retention Scheme has gone live, with construction businesses able to claim up to £2,500 a month towards staff wages.
Employers can apply for direct cash grants through HMRC’s new online portal (click here), with money expected to land in their bank accounts within six working days.
The initiative was announced by Chancellor Rishi Sunak as a package of support to protect jobs and businesses. Under the scheme, employers can claim up to 80% of a furloughed employee’s wages, capped at £2,500 a month.
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