Chancellor must choose between job creation or retention to combat unemployment
The Governor of the BoE believes the furlough scheme should end in October.
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Tag: Chancellor of the Exchequer
Companies to pay 10% and 20% of furlough from September and October
The Self-Employment Income Support Scheme was also extended, aiding the self-employed once again.
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Calls on chancellor to extend self-employed assistance scheme
“This scheme is a lifeline for millions of locked-down workers.”
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Key workers could see pay freeze due to COVID-19 crisis
Unionists see this move as “immoral”.
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Furlough scheme extended to October and made more flexible
From August, employers will contribute to the 80 per cent.
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Majority of employees believe hours will not change over next 3 months
14 per cent expect to lose their jobs in the next three months.
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Furloughed workers far more likely to be worried about job security
35-44-year-old bracket are the most concerned working age group.
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Chancellor plans to reduce furlough pay from 80% to 60%
“We’ve got to wean off it.”
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Updates to the Coronavirus Job Retention Scheme
On 20th March 2020, the Chancellor announced updates to the “Coronavirus Job Retention Scheme”.
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3.8m of 5m self-employed workers in the UK covered by scheme
Self-employed company owners who pay themselves a dividend will not be covered.
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Furlough scheme explained to employers
“Employers will welcome this further guidance on how the Government scheme is to operate.”
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Chancellor to pay 80% of self-employed wages
“Time will tell as to whether these measures are enough to support self-employed workers.”
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Government suggests Statutory Self-Employment Pay as COVID-19 spreads
The Chancellor has been under mounting pressure to make this move.
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Chancellor’s pledge to pay 80% of wages does not help contractors
“The flexible workforce, who the Government claims to support, is being penalised.”
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Deborah Frost: Prioritising health and financial wellness
“Alarmingly only 37 per cent of organisations make efforts to promote financial wellbeing.”
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Bank of England Governor: do not fire people because of COVID-19
Rishi Sunak has announced a £350 billion package of financial measures to help companies.
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