Chat about Novel Coronavirus - 2019-nCoV - COVID-19

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JurekB

Chancellor has just announced an extension to the furlough scheme until the end of October - maintained at the current level of 80%
Current cost of the scheme to date: between £30bn and £40bn.
With a commitment to a further £30bn.
7,500,000 employees currently taking advantage.

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Greenbank in reply to @JurekB

The stick is that it will become contingent on the employers contributing (rather than just taking the govt's 80%). No details on this bit yet though.

For some employers (without the cash/income to do this) that will mean either folding or getting some employees back in.

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JurekB in reply to @Greenbank

Yeah, I've read that since posting.
August onwards, apparently, employers are expected to make a contribution.

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