The Self-Employment Income Support Scheme was also extended, aiding the self-employed once again.
Companies to pay 10% and 20% of furlough from September and October
Tags: Chancellor of the Exchequer
Calls on chancellor to extend self-employed assistance scheme
“This scheme is a lifeline for millions of locked-down workers.”
Key workers could see pay freeze due to COVID-19 crisis
Unionists see this move as “immoral”.
Furlough scheme extended to October and made more flexible
From August, employers will contribute to the 80 per cent.
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.
Furloughed workers far more likely to be worried about job security
35-44-year-old bracket are the most concerned working age group.
Chancellor plans to reduce furlough pay from 80% to 60%
“We’ve got to wean off it.”
Updates to the Coronavirus Job Retention Scheme
On 20th March 2020, the Chancellor announced updates to the “Coronavirus Job Retention Scheme”.
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.
Furlough scheme explained to employers
“Employers will welcome this further guidance on how the Government scheme is to operate.”
Chancellor to pay 80% of self-employed wages
“Time will tell as to whether these measures are enough to support self-employed workers.”
Government suggests Statutory Self-Employment Pay as COVID-19 spreads
The Chancellor has been under mounting pressure to make this move.
Chancellor’s pledge to pay 80% of wages does not help contractors
“The flexible workforce, who the Government claims to support, is being penalised.”
Deborah Frost: Prioritising health and financial wellness
“Alarmingly only 37 per cent of organisations make efforts to promote financial wellbeing .”
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.