BREAKING: Furlough scheme extended until the end of September
Employers will be asked to contribute to workers' salaries from July.
Bridget Phillipson, shadow chief secretary to the Treasury, said: ‘These changes to support schemes could have been made months ago.‘Businesses and workers have been pleading with the Chancellor to give them certainty – but they have had to wait because he said it wouldn’t be appropriate until the Budget.
‘Announcing it the night before shows the focus is on Rishi Sunak getting his moment in the sun rather than protecting jobs and livelihoods.‘We need a Budget that secures Britain’s recovery and rebuilds the economic foundations the Conservatives weakened before the crisis.
The Coronavirus Job Retention Scheme has protected around 11 million jobs (Picture: HM Treasury)‘That means a plan to support jobs and businesses, protect family finances and set Britain on the path to a better, more secure future.’But the CBI’s chief economist Rain Newton-Smith said extending the scheme will keep ‘millions more in work and give businesses the chance to catch their breath as we carefully exit lockdown’. headtopics.com
Advertisement‘The furlough scheme has been a stand-out success throughout the crisis. It’s common-sense to keep the scheme going while business resilience remains fragile for some months yet,’ she said.‘As we make progress into the summer, it’s right that businesses start contributing a little more as revenues start to recover. Meanwhile it’s great to see more support for the newly self-employed, who have missed out over the last year.’
Torsten Bell, chief executive of the Resolution Foundation, also welcomed the news. But the Think Tank boss warned more would have to be done to fend off a wave of unemployment and stimulate the economy once lockdown lifts.‘It’s welcome that the furlough scheme that has seen British workers through this crisis will remain in place until restrictions are lifted, playing a critical bridging role between the lockdown and the recovery,’ he said.
‘The phased tapering off over the summer will also avoid a risky cliff-edge.‘But the peak of unemployment is ahead rather than behind us. We also need to see wider economic stimulus to drive the recovery this autumn, and support for the millions of people who have been without work for long periods during this crisis.’Read more: Metro »
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And the money comes from where? We have a Government who have not got a clue what they are doing, they're spending money like it's going out of fashion (which it is, if this government controls it)) because it's not theirs, in the end we (the working class) will have to pay. What about mortgages? My husband as been on furlough since last year and our mortgage Had to be frozen this is a nightmare no help at all we will have no home soon
🔥💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷💷🤯 Lavishly postponing unemployment for another 6 months which a significant number of “zombie firms” were being kept alive once again by furlough & the increase possibility of 'fraud' is simply not enough,a long term solution need to be in place. Think of all the jobs this could have saved...
Get the pubs and clubs and nightlife open! This is ridiculous! pubs TomSwarbrick1 Apart from people on 0 contracts who were getting furlough until December and now, not. Even when those 0 hour contracts were providing enough good hours on a weekly basis enough to live on, pay bills etc this time last year. But apparently are now not needing a penny to live on.
Has Ianblackford_MP claimed the credit yet? Leanneallan73 Lockdown not ending in June then Absurd. Fucking twat. Why the fuck should half the country pay for someone’s OLED telly upgrade. AGAIN. 🤬🤯🤯🤯🤯. Jac1066 Crazy Taxpayers: imagine an industrial sized tub of vaseline .... now bend over. The government is on its way.