Rishi's grants for furloughed employees won't save jobs, warn bosses
Daily MailBusiness leaders have warned that the Chancellor's job retention bonuses will not stop them from laying off staff. Rishi Sunak is offering employers a £1,000 grant for every furloughed employee they keep on when the job retention scheme winds down at the end of October. Rishi bonus: Chancellor Rishi Sunak is offering employers a £1,000 grant for every furloughed employee they keep on when the job retention scheme winds down at the end of October And just 3 per cent said they will have a 'substantial effect' on their ability to retain workers. With the Treasury considering plans to raise corporation tax from 19 per cent to 24 per cent to help pay for the Covid crisis, the IoD described the job retention bonus as a 'sticking plaster' and urged Sunak to cut taxes including employer's national insurance contributions to prevent a 'surge in unemployment'. Firms will have to top up salaries to 80 per cent, and continue to pay national insurance contributions and pension contributions.
History of this topic
Rishi Sunak ‘confident’ on jobs as ‘everyone is now back at work’ after furlough
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Furlough scheme extended to end of March at 80% pay, Rishi Sunak announces
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Job Support Scheme: Rishi Sunak announces plan to top up wages of workers on reduced hours
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Job Support Scheme: What will new scheme announced by Rishi Sunak look like?
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Furlough bonus scheme is deadweight, warns budget watchdog
Daily Mail
HMRC says benefits of Rishi Sunak’s job retention £1,000 bonus scheme ‘highly uncertain’
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Every diner to get £10 restaurant discount and VAT slashed for hospitality sector
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