LONDON: UK Chancellor Rishi Sunak has set out the UK government's plans to taper off the Coronavirus Job Retention Scheme from August as the economy gradually opens up from the pandemic lockdown. The Indian-origin finance minister on Friday said the furlough, or forced leave, scheme, under which the UK taxpayer covered 80 per cent of the wages of nearly a million jobs, will begin to wind down with employers asked to contribute a "modest" proportion of those costs from August before it ends in October. “The furlough scheme cannot continue indefinitely. Employers will be asked to contribute, alongside the taxpayer, to pay the wages of their staff,” said Sunak, as he highlighted that no British government in history had undertaken a scheme at such a scale. “From July 1, a flexible furlough will be in place. Employers will have maximum flexibility to decide to bring back employees for a number of days per week,” he said. As part of the changes, in June and July, … [Read more...] about UK’s COVID-19 job saving scheme to taper off from August: Rishi Sunak
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We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368 . You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours. … [Read more...] about UK suffers highest excess death rate in the world during coronavirus crisis, figures suggest
A SIMPLE GUIDE: How do I protect myself? IMPACT: What the virus does to the body RECOVERY: How long does it take? LOCKDOWN: How can we lift restrictions? ENDGAME: How do we get out of this mess? What is the R number in the UK?The reproduction number is not fixed. Instead, it changes as our behaviour changes, or as immunity develops. … [Read more...] about Coronavirus: What is the R number and how is it calculated?
“Make it too generous and you are in danger of slowing down the recovery by keeping people in non-existent jobs. Make it not generous enough and you are in danger of forcing people out of jobs that do have a long-term future.” … [Read more...] about Furlough scheme: Rishi Sunak expected to ask employers to pay 20% of staff wages
Ms McClarkin said for pubs to survive the furlough scheme would need to be applied in full until October for the hospitality sector and it begin to be tapered off at the end of the year. … [Read more...] about Britain’s pubs ‘won’t survive the summer’ if they have to top up employees’ wages & stay closed, Chancellor warned