August 2020 - Larcomes : Larcomes

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Redundancies predicted to increase after furlough ends

August 27, 2020 10:51 am

The Furlough Scheme Earlier this year, the Government introduced the Coronavirus Job Retention Scheme (CJRS) in response to the coronavirus (COVID-19) crisis. The retention scheme was put in place to allow all UK businesses with employees on a PAYE scheme to designate those employees as ‘furloughed workers’ putting them on leave and allowing them to stay on the payroll, with the Government funding 80% of their salaries up to £2,500 a month, with the intention to assist businesses throughout the coronavirus outbreak and to prevent...
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