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Old 20-07-2020, 12:26   #508
nomadking
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Re: Changes on the High Street

Quote:
Originally Posted by papa smurf View Post
An important part of the business support measures, provided by the government to help business during the economic crisis created by coronavirus pandemic, is the Coronavirus Job Retention Scheme (or ‘furlough leave’). Furlough leave is a temporary leave of absence for economic reasons and is designed to save jobs.
The furlough scheme was an alternative to businesses making people redundant. Otherwise the businesses would've had to be paying out to staff without any money coming in. It was only aimed at people's wages, not any other business costs.
Link

Quote:
The government’s Coronavirus Job Retention Scheme (CJRS) has so far helped protect more than 9.3 million jobs through the pandemic, with employers claiming more than £25.5 billion to support wages.
Link

Quote:
More than nine million workers who are unable to do their job because of the coronavirus outbreak have had their wages paid by the government.
The furlough scheme was designed to help people put on leave because of the outbreak, and prevent mass redundancies.
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