PwC set for court showdown over claims it negligently failed to spot a a £122m ‘Ponzi scheme’ By Daily Mail City & Finance Reporter Published: 22:52 BST, 19 May 2020 | Updated: 22:52 BST, 19 May 2020 PwC is braced for a £25million court battle over claims it negligently failed to spot a Guernsey ‘Ponzi … Read more
The number of people claiming benefits has soared by a record 856,500 to 2.1million in the first full month of the coronavirus lockdown – despite the furlough scheme keeping millions in work. The Office for National Statistics (ONS) said that claims under Universal Credit sky-rocketed by 69 per cent in April, as the country begins … Read more
Former England star Eni Aluko reveals she has suffered racist abuse online after controversial comments on the government’s furlough scheme – claiming it perpetuated ‘culture of do-nothing entitlement’ – and her FAMILY have also been targeted The ex-England and Chelsea star apologised for her divisive opinion this week Aluko had claimed the scheme promoted a culture … Read more
Former England star Eni Aluko reveals she has suffered racist abuse online after controversial comments on the government’s furlough scheme – claiming it perpetuated ‘culture of do-nothing entitlement’ – and her FAMILY have also been targeted The ex-England and Chelsea star apologised for her divisive opinion this week Aluko had claimed the scheme promoted a culture … Read more
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
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
Richard Yeomans, a partner at London law firm Addleshaw Goddard, discusses what the future might hold for furloughed workers and businesses, as the economy attempts to pick things back up from the coronavirus outbreak. The Government’s Coronavirus Job Retention Scheme was an emergency response to an immediate problem. Something had to be done, fast, to … Read more