Millions of workers in Britain have been forced to learn a new word, “furlough”, as businesses rush to cut costs in the fallout from the outbreak of coronavirus. Many will be unable to work from home, while others will find their work drying up as entire industries grind to a halt. But many companies will
Millions of workers in Britain have been forced to learn a new word, “furlough”, as businesses rush to cut costs in the fallout from the outbreak of coronavirus.
Many will be unable to work from home, while others will find their work drying up as entire industries grind to a halt. But many companies will be reluctant to let their employees go altogether and instead will choose to put their workers into a suspended state, furlough.
It’s not all bad news for those in this position as the Chancellor Rishi Sunak has promised that the Government will pay up to 80pc of wages, up to £2,500 a month in a bid to keep people in their jobs.
Join personal finance reporter, Jessica Beard, who will be answering your furlough questions today at 1 p.m (BST).
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