United Airlines could furlough 36,000 employees, or roughly 45 per cent of its workforce, by October 1 amid a drop in air travel resulting from the coronavirus pandemic. The fall deadline marks when a restriction against enacting furloughs and layoffs in a $5 billion payroll bailout of the airline expires. Officials at United made the … Read more
Chancellor Rishi Sunak today pledged to pay a £1,000 ‘jobs retention bonus’ to businesses for every person they bring back to work after being put on furlough through lockdown. The Chancellor broke with tradition by announcing a surprise policy at the start his Commons statement as experts warned that a ‘tsunami’ of redundancies will follow … Read more
Rishi Sunak promises £1,000 for EVERY member of staff firms bring back from furlough in £9BILLION ‘jobs bonus’ scheme Cash paid to businesses after staff return to work for at least three months Employees must have earned at least £520 a month before bonus is handed over Mr Sunak told the Commons: ‘If you stand by … Read more
Britain’s biggest housebuilder Barratt vows to hand back £27m in taxpayer cash used to furlough thousands of staff By Daily Mail City & Finance Reporter Published: 22:03 BST, 6 July 2020 | Updated: 22:03 BST, 6 July 2020 Britain’s biggest housebuilder has vowed to hand back £27m in taxpayer cash used to furlough thousands of … Read more
Government could pay 10% of wages for people who go BACK to work in furlough ‘flip’ as Rishi Sunak desperately tries to stop employers laying-off staff in October More than a million firms have utilised Job Retention Scheme during pandemic But many fear they’ll be unable to keep employees when support ends in autumn Treasury … Read more
Do your duty and return furlough cash: Pay it back if you can, firms urged By James Salmon And Matt Oliver For The Daily Mail Published: 22:00 BST, 3 July 2020 | Updated: 22:00 BST, 3 July 2020 Cash-rich companies that bounce back quickly from the coronavirus crisis have been urged to join the ‘national … Read more
Hand back furlough billions, firms are urged as builder Redrow becomes the latest to pledge to return the money By Matt Oliver For The Daily Mail Published: 22:26 BST, 30 June 2020 | Updated: 22:26 BST, 30 June 2020 Big companies are facing pressure to hand back taxpayer cash used to furlough their staff after … Read more
Taylor Wimpey to repay furlough cash: Builder’s vow ramps up pressure on profitable firms By Matt Oliver For The Daily Mail Published: 21:56 BST, 18 June 2020 | Updated: 22:09 BST, 18 June 2020 Firms that rake in huge profits have come under pressure to hand back taxpayer’s cash for furloughed staff, after Taylor Wimpey … Read more
British Airways facing backlash over claims it abused furlough scheme: Airline’s lucrative landing slots at Heathrow now under review By James Salmon for the Daily Mail Published: 21:50 BST, 3 June 2020 | Updated: 22:37 BST, 3 June 2020 British Airways could be stripped of lucrative landing slots at Heathrow Airport after it was accused … Read more
Chancellor Rishi Sunak has revealed how the £10bn-a-month furlough scheme will evolve in the coming months, how businesses will have to contribute more and when it will end. He has also announced more help for self-employed workers. We look at what the new ‘flexible furlough’ will mean for workers, businesses – and the taxpayer. Chancellor … Read more