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It's going to help kick off the redundancy and unpaid leave programmes for sure.
For example, companies will now have to pay 55% of the wages of someone only working 1/3 of their hours. The government will pay 22% to make it up to 77% of the original pay packet.
So a company that currently has a load of people on furlough will have to bring them all back in (or lay them off) and if they only have enough work to employ them for 1/3 of their time they have to find the money to pay them 55% each.
For many companies that are running at well below than 50% of normal turnover/capacity, that's going to be impossible without considerable redundancies.
Greenbank
@JWestland
https://www.bbc.co.uk/news/business-54280966
Furlough scheme, extended, sort of.
Sort of good news but it is not very generous. I hope it helps.