The Prime Minister has made us aware that the Government are trying to prop up the economy whilst also trying to kick start it through use of the furlough scheme. There are 10 government guidance documents on the furlough scheme along with treasury directions, each document is over 30 pages and therefore it is difficult to follow the new changes. We have therefore answered a few burning questions below:
What is Furlough leave?
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis by classifying them as a furloughed worker.
The Government announced their Employee Retention Scheme on Friday 21 March 2020 to deal with the impact of COVID-19 on UK businesses.
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