Tax dodging and non-compliance during the pandemic cost the UK government £9 billion ($11 billion) as thousands of tax compliance staff were redeployed to COVID-19 support schemes, a government spending watchdog has found. According to the latest report by the National Audit Office (NAO), released on Dec. 16, HM Revenue & Customs (HMRC) has raised…
UK Government Hails ‘Huge Success’ as COVID-19 Furlough Scheme Ends
The British government has hailed its COVID-19 job retention scheme as a “huge success” as it is due to close at the end of Thursday. The £70 billion ($94 billion) Coronavirus Job Retention Scheme, commonly known as furlough, has supported 11.6 million UK workers over the past 18 months. On the last day of the…
Dame Andrea Leadsom: People Have Become Used to Being on Furlough
A former business secretary has warned some people on furlough are avoiding going back to work because it has been “great” for them, while others are “terrified” of returning to the office. Conservative MP Dame Andrea Leadsom said some businesses in her South Northamptonshire constituency are struggling to get employees to return to work because…
One in Four UK Companies Plan to Lay Off Staff if Furlough Ends Soon: Survey
A quarter of British businesses expect to lay off staff if Finance Minister Rishi Sunak doesn’t extend the job furlough scheme that’s due to expire at the end of April, Britain’s national business network said on Thursday. The British Chambers of Commerce (BCC) said businesses had been “pushed to the brink” by the restrictions imposed…
American Airlines CEO Tells Employees to Brace for Furlough Warnings
American Airlines workers should brace for another round of furlough warnings in the near term as the airline expects to remain overstaffed on April 1, when U.S. aid for industry workers expires, Chief Executive Doug Parker said. American is among U.S. airlines that received a $15 billion payroll support package in December to protect workers’…
UK Businesses Urge Government to Extend COVID-19 Furlough Scheme
The UK government should extend its business support measures before the next budget to help firms through the ongoing CCP virus lockdown, a leading British business group said on Tuesday. In a letter to Rishi Sunak, the chancellor of the Exchequer, the Confederation of British Industry (CBI) urged the government to extend the Job Retention…
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