One million self-employed sign up to government furlough scheme in two days, Treasury figures show As many as 440,000 signed up on Wednesday and a further 500,000 today Takes total number of Britons on furlough schemes to 8.5million and rising Government launched self-employed scheme two weeks ahead of planned date By Luke Andrews For Mailonline … Read more
Bosses have warned there will inevitably be mass job losses when employers are asked to start sharing up to 50 per cent of the cost of the government’s furlough scheme in August. Industry experts also claim Chancellor Rishi Sunak‘s extension to the Job Retention Scheme – where the Treasury bankrolls 80 per cent of wages … Read more
Bosses have warned there will inevitably be mass job losses when employers are asked to start sharing up to 50 per cent of the cost of the government’s furlough scheme in August. Industry experts also claim Chancellor Rishi Sunak‘s extension to the Job Retention Scheme – where the Treasury bankrolls 80 per cent of wages … Read more
Grim economic news is something we have had to get used to in the past two months but yesterday was something of a body blow. Chancellor Rishi Sunak’s announcement that he was extending the jobs retention scheme until October is the most ominous of all the amendments and additions to the bailout for the economy … Read more
Rishi Sunak concedes recession is already happening in grim warning of hard times to come as he extends the furlough scheme again Sunak said it was clear June deadline for furlough would have to be extended Told MPs scheme would continue ‘completely unchanged’ until the end of July Furlough been accessed by 935,000 businesses since … Read more
The Chancellor has extended the furlough scheme for four months and said Britain will continue to cover 80 per cent of workers’ wages during the coronavirus crisis. Rishi Sunak revealed today that 7.5million British workers now have the state picking up the bill for 80 per cent of their salary up to £2,500 a month, … Read more
What is happening to the furlough scheme? The multi-billion pound furlough scheme is being extended to October. Employees on the scheme will continue to receive 80 per cent of wages, up to a ceiling of £2,500 a month. Until the end of July, there will be no changes to the scheme whatsoever. From August to … Read more
Chancellor Rishi Sunak acted fast to rescue the economy, now he has to work out how Britain pays the bill How do we pay the bill for the coronavirus crisis? Britain is a long way from business as usual, but ONS figures showing an astonishing 6.3million workers being paid by the taxpayer were enough to … Read more
Double blow for borrowers as furlough scheme and mortgage holidays come to an end By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 May 2020 | Updated: 21:51 BST, 6 May 2020 Thousands of homeowners who have taken a mortgage repayment ‘holiday’ because their finances were squeezed by the coronavirus could receive a … Read more
Rishi Sunak will set out next week how he intends to ‘wind down’ the government’s coronavirus furlough scheme amid fears within Whitehall that the nation is becoming ‘addicted’ to state help. The Chancellor is widely expected to start to reduce the scale of the scheme from July after it emerged it has a current monthly … Read more