furlough

Cost of Government’s furlough scheme set to soar

by

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

Coronavirus UK: Rishi Sunak extends furlough scheme date

by

Chancellor Rishi Sunak extends coronavirus furlough scheme cut-off date to March 19 in bid to stop thousands of workers missing out on financial help Under furlough scheme staff needed to be on company’s payroll by February 28 Anyone who joined a firm after that date was not eligible to be furloughed But government announced today … Read more

One in every three small and mid-sized firms using government scheme to furlough most staff

by

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 furlough staff

by

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

Tottenham REVERSE decision to furlough non-playing staff as they admit fans were RIGHT

by

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

Private schools furlough staff under taxpayer funded scheme while asking parents to pay 90% of fees

by

Private schools are furloughing staff under taxpayer funded scheme while asking parents to pay 90% of their fees for next term – even though they will be closed in coronavirus lockdown Families left outraged at proposals by UK’s biggest private girls schools group Girls’ Day School Trust insists some parents will receive discount above 10% … Read more

Half of UK firms plan to furlough most of their staff, at a potential cost of £40bn of the Treasury

by

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

Liverpool ‘believe their plans to furlough staff were LEAKED by a Premier League rival’

by

Liverpool believe that details regarding their plans to place their staff on the government’s furlough scheme were leaked by a Premier League rival, according to The Athletic. The club announced earlier on Tuesday that they had reversed their decision to accept government funding after announcing on Saturday that they intended to take advantage of the … Read more

My employer has put me on furlough – will this affect my mortgage application?

by

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