From Sunday, government payments reduce to 60% towards salaries, with employers paying 20%.
The government said the approach was "right" and meant "we can focus support elsewhere" as the economy recovers.
The government said 11.6 million jobs have been supported since the Job Retention Scheme launched in April 2020.It meant that staff whose jobs were put on hold during the coronavirus pandemic were guaranteed 80% of their salaries - to a limit - from the government. She said it was "crucial" that employers and the government give returning furloughed workers the support and training they need "to be re-engaged and productive".Hannah Slaughter, an economist from the Resolution Foundation, told the BBC that over the majority of the pandemic, the highest rates of furlough was among the under 25s, but the most recent data it was the over 60s who were more likely to be furloughed.
She said older people were more likely to leave the workforce when they lose their jobs and those who return in a new job were "more likely to face a pay penalty" relative to younger workers.
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