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Aw :(
It was supposed to be modelling on the German scheme, which seems to work OK.
Of course, any self employed/contractors are out in the cold, but businesses seemed mostly OK with it.
That is unfortunate, you'd think they have done the work that you just did. Sunak doesn't strike me as completely incompetent.
I guess this is a better than nothing at all solution then. As in, perhaps some of the furloughed workers can get on this scheme.
JWestland
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.