Coronavirus reports cover Bill

Rishi Sunak to 'ban firms from furloughing more staff' as scheme set to wind down

Reading now: 744
www.mirror.co.uk

Rishi Sunak will ban companies from furloughing any more staff as the government looks at winding down the scheme, according a new report.

The Chancellor is expected to announce the ban will come into the place from the end of July, The Financial Times reports. According to the most recent figures, 8 million people had been furloughed since the start of the coronavirus crisis.

It's believed Mr Sunak will also give details of the job retention scheme where businesses will have to pay at least a fifth of the wages of furloughed employees from August, despite the Government extending the scheme to October.

The latest changes to the scheme are expected to include firms covering 20% to 30% of workers' wages as the furlough scheme is wound

Read more on mirror.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA