Latest figures reveal that 8.9 million jobs have been furloughed
HMRC has published updated figures relating to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS).
The number of jobs furloughed and the amount of claims made through the SEISS increased as of 7 June 2020 when compared to the previous set of figures that were released in relation to 31 May 2020.
Under the CJRS, as of 7 June 2020, 8.9 million jobs had been furloughed, 1.1 million employers had utilised the scheme and the total value of claims made equated to £19.6 billion. This is a significant increase on the figures for 31 May 2020, which showed that 8.7 million jobs had been furloughed, with claims equating to £17.5 billion. The number of employers using the CJRS has, however, remained unchanged between those two dates.
As of 7 June 2020, 2.6 million claims had been made under the SEISS, and the total value of claims made was £7.5 billion. As with the CJRS, this highlights increases to the figures released relating to 31 May 2020, as at that point, 2.5 million claims had been made with a total of claims made of £7.2 billion.
As widely discussed, there will be a second and final grant made available under the SEISS to further help the self-employed through the economic disruption caused by coronavirus. There is also going to be fundamental changes to the operation of the CJRS, as employers will ne able to bring employees back on a part-time basis from 1 July 2020, whilst still claiming the CJRS grant in relation to hours not worked. The way that the government funds the grant is also due to change.
The information in this article is accurate at the time of publication.