Summer economic update: Sunak unveils employer return-to-work furlough bonus

£1,000 for each employee

Jenna Brown
clock • 1 min read

Bosses who bring back furloughed staff and keep them on the payroll until January next year will get a bonus of £1,000 per employee, Chancellor Rishi Sunak has said.

Sunak made the announcement during his coronavirus economic update in the House of Commons today. Employees brought back from furlough must remain on the payroll until the new year and be paid at least £520. Sunak said: "This would be a £9bn policy to retain people in work. If you stand by your workers we will stand by you." The Chancellor announced a raft of job-focused plans to help boost the post-lockdown economy. These included tax changes, such as a pause on stamp duty, and policies to encourage companies to hire younger workers where the government pledged to give firms £2,00...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read