Tag: bonus

French Connection will claim furlough cash bonus

Image copyright Getty Images French Connection has confirmed that it will claim government cash for bringing workers back from furlough. The fashion retailer told the BBC that about 250 of its staff are furloughed under the job retention scheme. The chancellor announced in July that all firms can claim £1,000 for each employee they bring back from furlough. “It’s mainly… Read more →

Coronavirus: Labour wants review of job retention bonus scheme

Image copyright JESSICA TAYLOR/UK Parliament Image caption The scheme is major plank of Chancellor Rishi Sunak’s recovery plan Labour is calling for a review of whether the chancellor’s job retention bonus scheme represents value for money for the taxpayer. The scheme will pay firms £1,000 for each employee brought back to work from furlough and employed until January. Labour’s call… Read more →

Rishi Sunak defends furlough bonus scheme

Image copyright AFP Chancellor Rishi Sunak has defended his job retention bonus scheme after MPs questioned its value for money. The policy – which was announced last week – will see the government pay employers £1,000 for every furloughed worker they retain past January. MPs on the Treasury Committee described the scheme as “badly-timed and poorly-targeted”. But Mr Sunak said… Read more →