Furlough scheme set to wind down as national debt goes through the roof

At present, almost 8 and a half million people are on furlough, equating to a quarter of the total jobs in Britain.   A quarter of company directors surveyed by the Institute of Directors say they would not be able to afford to pay even 20 per cent of the furlough scheme if required – […]

Coronavirus job retention scheme has now launched – but how does it work?

First things first, what does it mean to be furloughed?   Furloughing means an employee’s job is put on hold. The Coronavirus Job Retention Scheme allows firms to put employees on furlough, meaning they do not work but still get paid by the employer with money provided by the state.   The government will cover […]