£15bn and counting... Rishi tackles furlough bill

Daily Express|May 28, 2020

£15bn and counting... Rishi tackles furlough bill
CORONAVIRUS: BACK TO BUSINESS
Macer Hall

RISHI Sunak will tomorrow move to cut money spent on furloughing workers after the bill hit £15billion.

Treasury figures yesterday revealed that more than a million employers are claiming cash under the Chancellor’s Job Retention Scheme to cover the salaries of 8.4 million staff.

Around 400,000 employees were added in the last week to the aid package where the Government pays 80 per cent of an employee’s wages up to a maximum of £2,500 a month.

Mr Sunak is expected to set out tomorrow how much firms will have to contribute towards wages of furloughed workers from the beginning of August.

Under draft plans, employers would pay a fifth of furloughed workers’ original salaries with taxpayers paying 60 per cent. The company would have the choice of either paying the remaining 20 per cent or cutting the salary.

Yesterday Boris Johnson warned bosses not to cynically fire furloughed workers when the scheme ends.

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May 28, 2020