Pub and restaurant bosses say they are ‘better off furloughing staff’

JD Wetherspoon boss Tim Martin today branded Boris Johnson’s contentious tier system ‘lockdown by stealth’ as landlords said the policy amounts to ‘business torture’. The Prime Minister has imposed brutal Tier 2 and 3 rules on 99 per cent of the country with the restrictions expected to last until mid-January at the earliest.   Mr Martin, the founder … Read more

Pub and restaurant bosses say they are ‘better off furloughing staff’

JD Wetherspoon boss Tim Martin today branded Boris Johnson’s contentious tier system ‘lockdown by stealth’ as landlords said the policy amounts to ‘business torture’. The Prime Minister has imposed brutal Tier 2 and 3 rules on 99 per cent of the country with the restrictions expected to last until mid-January at the earliest.   Mr Martin, the founder … Read more

Asos says it will REPAY the Government for cost of furloughing

Asos has confirmed it plans to repay the Government the money it saved by furloughing around 1,000 staff via the Job Retention Scheme as the pandemic hit.  In a trading update, Asos said: ‘As a result of our expectation that we will deliver a better than initially anticipated full-year performance, we are repaying the support … Read more

Chancellor Rishi Sunak ‘will stop firms furloughing more staff from August’

Rishi Sunak is set to announce that companies will soon be banned from putting anymore employees into the Government’s furlough scheme in plans to get Britain back to work, it is claimed. The Chancellor will this week lay out the second stage of his plans to help businesses come off Government financial support and get … Read more

Chancellor Rishi Sunak ‘will stop firms furloughing more staff from August’

Rishi Sunak is set to announce that companies will soon be banned from putting anymore employees into the Government’s furlough scheme in plans to get Britain back to work, it is claimed. The Chancellor will this week lay out the second stage of his plans to help businesses come off Government financial support and get … Read more

Britain’s fifth richest man Sir James Ratcliffe slammed for furloughing 800 staff

Britain’s fifth richest man Sir James Ratcliffe is slammed for furloughing 800 staff at his luxury hotel chain despite £12.2bn fortune Sir James’ hotel chain is using the government’s furlough scheme to pay staff Secured £4million from the Coronavirus Business Interruption Loan Scheme Wealthier hotelier last reported to have had plans to move to tax haven … Read more

Britain’s fifth richest man Sir James Ratcliffe slammed for furloughing 800 staff

Britain’s fifth richest man Sir James Ratcliffe is slammed for furloughing 800 staff at his luxury hotel chain despite £12.2bn fortune Sir James’ hotel chain is using the government’s furlough scheme to pay staff Secured £4million from the Coronavirus Business Interruption Loan Scheme Wealthier hotelier last reported to have had plans to move to tax haven … Read more

Furloughing fat cat bosses pocketed over £300m in five years

Chief executives at 18 FTSE 100 listed companies furloughing thousands of staff raked in over £300million, or over £3million each, in pay and rewards since 2015, new findings from the High Pay Centre claim. There are mounting calls for highly paid executives to play a bigger part in shouldering the financial burden stemming from the … Read more

Furloughing fat cat bosses pocketed over £300m in five years

Chief executives at 18 FTSE 100 listed companies furloughing thousands of staff raked in over £300million, or over £3million each, in pay and rewards since 2015, new findings from the High Pay Centre claim. There are mounting calls for highly paid executives to play a bigger part in shouldering the financial burden stemming from the … Read more

Disney heir slams the company for furloughing 100,000 staff amid coronavirus closures

Disney heir Abigail Disney has slammed the Hollywood giant for furloughing more than 100,000 workers while it still expects to pay out executive bonuses and dividends, which have totaled $1.5 billion in the past.   The Emmy award-winning film-maker and millionaire criticized Walt Disney Co. Tuesday in an extensive Twitter thread, accusing them of ‘terrible management’ … Read more