With Furlough to end after October, a wave of job losses now seem inevitable, comments Rachel Lester of Axiom Stone Solicitors
Despite huge pressure from all sides of the political divide, from industry and the trade unions, the Chancellor Rishi Sunak has resisted pleas to extend the Furlough scheme and, instead, announced its replacement with a Job Support Scheme.
Key features include:
The attached Government factsheet gives more details on the eligibility criteria, the wages covered, how employers can claim and how HMRC will carry out checks.
Measures announced by the Chancellor in July will also continue to apply:
But to cries that the scheme doesn’t go far enough, it is, in fact, too late for employees who have already been made redundant. What is more, it now looks likely that far more redundancies will follow, particularly in the hospitality, beauty and leisure sectors where employers will simply be unable to offer employees a third of their usual hours. With job opportunities scarce in the face of the sharpest decline in the economy in generations, sadly mass unemployment now looks inevitable.