Leading firms were urged yesterday to forgo millions of pounds in Government bonuses for putting furloughed staff back to work. Business leaders and MPs said that the public funds should be claimed only by companies in dire straits. Taylor Wimpey, Barratt Homes and Redrow said they will not be claiming payouts under the £9billion Job … Read more
No furlough at Funding Circle: Online lender vows not to take taxpayer cash to cover wages By Daily Mail City & Finance Reporter Published: 22:16 BST, 8 July 2020 | Updated: 22:16 BST, 8 July 2020 Furlough pledge: Funding Circle has vowed not to take any taxpayer cash to cover the wages of its employees Online lender … Read more
More than a third of furloughed staff have been asked to work during lockdown, a new survey has revealed. It comes as treasury chiefs have promised to probe 3,000 reports of ‘furlough fraud’ since April. The furlough system, which experts predict could cost the UK economy up to £60bn, was launched in March under the … Read more
Kensington Palace’s head gardener reveals 75% of his team has been furloughed as he shares behind-the-scenes snap of the Sunken Garden – but insists you ‘roll up your sleeves, eat chocolate and get to work’ Kensington Palace’s head gardener has revealed his fighting spirit Is leading a scaled-back team to keep the Palace’s famous gardens … Read more
Firms must pay 20 per cent of wages for furloughed staff from August, Rishi Sunak will say today as he starts to wind down massive bailout despite fears of a wave of redundancies Rishi Sunak is announcing the details of furlough scheme changes after August The Chancellor is set to say firms will have to … Read more
Employers will have to pay a quarter of furloughed staff’s wages from August, Chancellor Rishi Sunak is expected to announce Rishi Sunak will ask businesses to pay 25 per cent of furlough money for staff Chancellor is expected to make radical announcement today or this weekend It comes as 8.4 million workers are now furloughed … Read more
Boris Johnson today vowed not to increase income tax, VAT or national insurance despite coronavirus wreaking havoc on the public finances. The PM also promised that the triple lock on state pensions – which means they rise by the highest of inflation, earnings, or 2.5 per cent – would be maintained. Standing by the pledges, … Read more
Millionaire Steve Coogan faces further fury as it emerges his TV production company furloughed NINE staff – after he also used taxpayer scheme for his gardener and housekeeper Seven full-time employees and two temporary staff have been furloughed Baby Cow Productions is behind hit shows including Gavin and Stacey Coogan, the firm’s founder, owns 25% … Read more
Controversial businessman Mike Ashley is topping up his furloughed staff’s salary to 100% this month and says business has been better than expected as he prepares to open his shops on June 1. After criticism for asking employees to come back to work while on furlough, trying to pay discounted prices for stock and initially … Read more
Employers will have to pay 25 per cent of their furloughed staff’s wages from August under plans set to be announced by Chancellor Rishi Sunak. Mr Sunak last week extended the government’s coronavirus furlough scheme – in which the government covers 80 per cent of wages of workers’ wages up to a ceiling of £2,500 … Read more