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One in five firms planning staff redundancies as Covid furlough support tapers off


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However, recent changes to the furlough scheme will see employers being asked to contribute 20% towards the salaries of those whose wages are currently being covered by the state.
The support is slowly being tapered off as the Treasury prepares to end the scheme by October.
In July, employers had to pick up 10% of their employees’ salaries, while Government support dropped from 80% to 70%.
This will be reduced further to 60% from Sunday 1 August, with employers picking up 20% of the furlough pay in August and September.
Out of 250 businesses with employees still on furlough, 18% told the chamber they were likely to make staff redundant in response to being asked to contribute up to 20% of their furloughed staff’s wages. ....

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