More than 140,000 companies employing more than one million people applied for emergency Government aid to pay workers wages in just eight hours today, Rishi Sunak revealed tonight . He said the coronavirus job retention scheme, which opened to firms in a bit to ward off widespread unemployment, should pay out to companies who logged … Read more
PROPOSED STATE OR REGIONAL ‘GATING’ CRITERIA These are the tests which have to be passed in a state or collection of states to allow them to move from lockdown to phase one SYMPTOMS Downward trajectory of influenza-like illnesses (ILI) reported within a 14-day period AND Downward trajectory of covid-like syndromic cases reported within a 14-day period … Read more
Paddy Power shouldering millions of pounds of staffing costs after opting not to use Government’s furlough scheme despite sending shop workers home By Daily Mail City & Finance Reporter Published: 22:30 BST, 16 April 2020 | Updated: 22:30 BST, 16 April 2020 Paddy Power is shouldering millions of pounds of staffing costs after opting not … Read more
Cost of Government’s furlough scheme set to soar as two-thirds of smaller firms apply for taxpayer money to pay wages By Lucy White For The Daily Mail Published: 22:07 BST, 15 April 2020 | Updated: 22:35 BST, 15 April 2020 The cost of the Government’s furlough scheme is set to soar as two-thirds of smaller … Read more
One in every three small and mid-sized firms using government scheme to furlough most staff but only one in 50 have been able to get cash from emergency loan programme A third of firms said between 75% and 100% of their staff had been furloughed The Coronavirus Business Interruption Loan Scheme was begun on March … Read more
Housebuilders spark row over taxpayer cash as they rush to furlough staff – despite making billions off Government’s Help to Buy scheme By Matt Oliver For The Daily Mail Published: 21:50 BST, 13 April 2020 | Updated: 21:50 BST, 13 April 2020 Britain’s biggest housing companies have furloughed more than 9,000 workers using taxpayer cash … Read more
Following yet another difficult week for our country, our thoughts continue to be with those affected by the COVID-19 pandemic. Our profound thanks go to the NHS and all key workers for the invaluable roles they are fulfilling at this critical time. The footballing world is now recognising the current and potential future impact of … Read more
Furlough will cost taxpayers £16bn a month as dozens of big companies jump on Government’s offer to pay staff wages By James Salmon and Hugo Duncan for the Daily Mail Published: 21:51 BST, 10 April 2020 | Updated: 23:25 BST, 10 April 2020 Taxpayers are facing a wage bill of more than £16billion a month … Read more
Half of UK businesses have furloughed nearly ALL their staff after take-up of government scheme was three times more than expected and could cost £40bn Nearly 20% of small businesses plan to furlough all of their staff Treasury estimates originally thought 10% of firms would adopt the scheme But new figures from the BBC show … Read more
I’m in the middle of a mortgage application but I’ve just found out that my employer is putting me on furlough. I’ll still get 80 per cent of my salary from the government but I’m not sure what this means for my application. Will this affect the lender’s decision? Will they still accept 100 per … Read more