Ending furlough will hit older workers hard: How to soften the blow

UK employers affected by the pandemic have been able to put their employees on furlough thanks to the coronavirus job retention scheme, with the government covering 80% of their monthly wages up to £2,500. The furlough scheme is set to wind down in July (with higher employer contributions required), despite the recently announced delay to the lifting of all lockdown restrictions. It has also been reported that the Treasury is not intending to extend the scheme beyond the end of September.

This post was originally published on this site

The Owl Picks