The much-lauded furlough scheme will indeed come to an end at the end of October, but UK chancellor, Rishi Sunak, has announced a new scheme - the Job Support Scheme. This will run for a stated period of six months from November. 

Details will undoubtedly follow, but here's what we know so far:

1. The employee must work a minimum of 33% of their normal hours of work.

2. For remaining hours not worked, the government and employer pay one-third wages each.  So employees working 33% of their hours will receive at least 77% of their pay. There is currently no mention of any cap on this support, but such a cap would not come as a surprise. 

3. All small and medium sized businesses are eligible to take advantage of the scheme, as will some larger businesses only when their turnover has fallen by a third through the crisis. 

4. No notice of redundancy to be given whilst an employee is on the scheme. 

This will no doubt come as a relief for many businesses and employees alike. We will report on the detail as and when that becomes available.