Tag: scheme

Extend furlough scheme ‘or risk second wave of job cuts’

Image copyright Getty Images The UK risks a second wave of job cuts and a slower economic recovery if it does not extend its furlough scheme, leading business groups have warned. Manufacturing body Make UK said the job retention scheme should last beyond October for hard-hit sectors that are already slashing posts. The CBI meanwhile said a replacement was needed… Read more →

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Coronavirus: Small firms to lose out on Kickstart scheme, says Plaid

Image copyright Getty Images Image caption Large firms including Tesco have confirmed they plan to take part in Kickstart Small firms will “yet again lose out” under a UK government scheme to create work placements for unemployed young people, a Plaid Cymru MP has said. Hywel Williams said firms should not be made to make “joint claims” unless they are… Read more →

Germany extends coronavirus pay top-up scheme

Image copyright Reuters Germany has agreed to extend a scheme that tops up pay for workers affected by the coronavirus pandemic by another year. As well as prolonging short-term work subsidies, coalition parties also agreed to continue financial help for small and medium-sized companies. It was announced on Tuesday that the German economy contracted by a record 9.7% in the… Read more →

Redundancy advice calls triple as furlough scheme winds down

Image copyright Getty Images Image caption Citizens Advice had the highest daily number of visitors to its website topped four times in one week Thousands of firms and employees are seeking redundancy advice as the coronavirus crisis continues to bite into the UK economy. Conciliation service Acas said calls to its redundancy advice line almost tripled in June and July,… Read more →

Coronavirus: Is the furlough scheme ending too soon?

Image copyright Bloc Blinds Image caption Bloc Blinds adapted to manufacturing PPE early in the pandemic Not many Northern Ireland businesses can say they have thrived during the pandemic. Obvious exceptions are manufacturers, like Bloc Blinds, which quickly reorientated its factories to produce vital personal protection equipment (PPE). The IT firm Kainos has also been able to keep growing. In… 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 →