Employers will have to pay a quarter of furloughed staff’s wages from August, Chancellor Rishi Sunak is expected to announce Rishi Sunak will ask businesses to pay 25 per cent of furlough money for staff Chancellor is expected to make radical announcement today or this weekend It comes as 8.4 million workers are now furloughed … Read more
One in four companies say they will be not be able to pay a fifth or more of full-time workers’ salaries between August and October and would have to lay off employees, a poll has found. Research by the Institute of Directors revealed today shows that firms are worried about being able to keep staff … Read more
The number of jobs being bailed out by the government has hit a new high of 8.4million – plus 2.3million self-employed. New figures showed another 400,000 have been furloughed over the past week, with a million employers now putting in for a total of £15billion. Meanwhile, claims under the separate self-employed scheme have risen by … Read more
Chancellor Rishi Sunak ‘will stop firms furloughing more staff from August’ as Government looks to flexible working to get Britain ‘back up and running’ Chancellor Rishi Sunak expected to announces changes to job retention scheme Firms could be banned from furloughing anymore workers at end of July Companies also expected to pay NI contributions and … Read more
Rishi Sunak ‘working on Project Birch business bailout which could see Government act as lender of “last resort” to stop key British firms from going under because of coronavirus’ Chancellor Rishi Sunak is apparently drawing up plans to save important firms Could see tailored bailouts where ‘viable companies have exhausted all options’ Government could act … Read more
Cabinet tensions over lockdown as Rishi Sunak tells Tory MPs Italy and Greece are ‘opening up’ economies and UK must not ‘be the only country where you can’t go to the pub’ Rishi Sunak thought to be among most hawkish ministers on lifting lockdown Told Tory MPs UK must not be ‘only country in world … Read more
Employers will have to pay 25 per cent of their furloughed staff’s wages from August under plans set to be announced by Chancellor Rishi Sunak. Mr Sunak last week extended the government’s coronavirus furlough scheme – in which the government covers 80 per cent of wages of workers’ wages up to a ceiling of £2,500 … Read more
Chancellor Rishi Sunak warns of economic ‘scarring’ from coronavirus saying there might not be an ‘immediate bounceback’ – as he hints self-employed bailout will not carry on past June Chancellor Rishi Sunak has been giving evidence to a House of Lords committee Warned of economic ‘scarring’ from covid and recovery may not be ‘immediate’ Hinted … Read more
More than two-million self-employed have claimed £6billion in coronavirus grants in just FIVE DAYS, says Chancellor Rishi Sunak Government’s self-employed bailout opened to applications just five days ago More than two million have claimed total of £6billion in grants, Rishi Sunak says Huge sums will raise fresh concerns about government’s coronavirus liabilities Here’s how to … Read more
Hundreds of NHS staff beg the Government not to freeze public sector wages to help pay for coronavirus crisis NHS workers beg Chancellor Rishi Sunak to rule out public sector freeze pay It comes after a leaked Treasury report a two-pay halt on public wage rises The report warned of a £337bn Budget deficit following … Read more