Furlough wages must be met by employers in part under new plans being discussed by the Treasury, it has been reported.
Furlough is an arrangement announced by the government in March, which saw the Treasury cover 80 percent of employees’ wages up to £2,500. The Coronavirus Job Retention Scheme, as laid out by the Chancellor, Rishi Sunak, is intended to be a scheme to help keep Britons employed during the coronavirus pandemic. As a result, employers who opted in to the initiative are not required to meet the salaries or wages of employees for the furlough period, now extended to October.
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