Coronavirus: Businesses must pay towards furlough scheme from August, chancellor announces

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 67%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Chancellor Rishi Sunak has unveiled plans for employers to start paying towards the wages of their furloughed staff

The main changes start in August when the level of support will begin to reduce and businesses will have to contribute.

Those eligible will be able to claim a second and final grant in August, but it will be only cover 70% of their profits over a three-month period, capped at £6,570, rather than the previous payment which covered 80%, capped at £7,500.Some 8.4 million UK workers have been furloughed "We will develop new measures to grow the economy, to back business, to boost skills and to help people thrive in the new post-COVID world.Explained: What you can and can't do after changes across UK

"Keeping the payment to furloughed employees at 80% throughout risks undermining the emphasis on persuading people to return to work either full or part time." She said:"The UK cannot afford the misery of mass unemployment. The government must start planning now to build on the job retention scheme with a national recovery plan that prioritises protecting and creating jobs."

The chancellor knows this is the critical moment, the point of maximum danger. So far he is perhaps the only cabinet minister to have significantly improved his reputation during this crisis. That could soon change.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That will put the cat amongst the pigeons.

lbc GMB BBCBreakfast Channel4News channel5_tv Can anyone please help. I need help but so do millions more left with nothing and suffering. I don't want to go fail like this 😢it's not our fault....why are we invisible

Sunak is the monster from the deep- do NOT be sucked in

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus - all you need to know as hospital death toll increases to 30,553Meanwhile Chancellor Rishi Sunak is expected to announce three big changes to the coronavirus furlough scheme this afternoon, in a move which could affect millions of British workers Even if they had the powers to do so they simply do not have the numbers. We all know why.
Source: The Mirror - 🏆 136. / 51 Read more »

UK coronavirus live: businesses must pay part of furlough costs from AugustChancellor Rishi Sunak reveals details of tapering furlough scheme; Nicola Sturgeon urges caution as Scottish lockdown eases; Wales tells residents to ‘stay local’ as new lockdown rules come in Heartbreaking. Этому можно верить? We know the answers already: Businesses will lay off staff.
Source: The Guardian - 🏆 84. / 53 Read more »

Coronavirus UK live: Rishi Sunak to announce tapering of furlough schemeChancellor to say that employers will have to pay 20% of wages of furloughed staff as state subsidy scheme is wound down Here come the mass redundancies How many business owners should lose everything they've worked for in order to make you feel safe? Why hairdressers cant open in London on the 15/6?
Source: The Guardian - 🏆 84. / 53 Read more »

Coronavirus updates: UK chancellor gives update on furlough scheme - BBC NewsWhat is the government doing to maintain low carbon emissions after lockdown? asks Will from Manchester Chancellor Rishi Sunak says he hopes people will continue to cycle more after lockdown is over, the government is also investing in carbon capture What a mess... These idiots are clueless... Its because of these fools, UK has the 2nd Highest death toll in the World. RIP 56,000+ deaths 🙏 Wonder if he’ll answer questions or allow others podiums to answer?
Source: BBCNews - 🏆 3. / 97 Read more »

Coronavirus - all you need to know as Sunak announces furlough scheme winding upChancellor Rishi Sunak has announced big changes to the coronavirus furlough scheme at the daily briefing from Downing Street this afternoon. Watch it live here
Source: The Mirror - 🏆 136. / 51 Read more »

UK coronavirus live: Sunak to announce tapering of furlough scheme as fear over safety at work risesChancellor to say that employers will have to pay 20% of wages of furloughed staff as state subsidy scheme is wound down Fancy flask, dickhead. Can I taper your furlough oh Er. 0.26% fatality rate
Source: The Guardian - 🏆 84. / 53 Read more »