UK furlough scheme extended by four months
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Sunday
July 03, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
SUNDAY, JULY 03, 2022
UK furlough scheme extended by four months

Global Economy

TBS Report
12 May, 2020, 06:25 pm
Last modified: 12 May, 2020, 06:26 pm

Related News

  • UK cost of living crisis to peak later this year, BoE to press on with rate rises
  • Britain eyes green trade to end world's dependence on Russian energy
  • UK unemployment falls to lowest since 1974
  • UK to send 6,000 missiles, €30 million to Ukraine in new support
  • UK inflation hits 30-year high of 6.2% as Sunak readies response

UK furlough scheme extended by four months

Sunak confirmed that employees will continue to receive 80 percent of their monthly wages up to £2,500

TBS Report
12 May, 2020, 06:25 pm
Last modified: 12 May, 2020, 06:26 pm
FILE PHOTO: A woman cycles through the financial district in London, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 6, 2020. REUTERS/Henry Nicholls
FILE PHOTO: A woman cycles through the financial district in London, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 6, 2020. REUTERS/Henry Nicholls

The UK scheme to pay wages of workers on leave because of coronavirus will be extended to October, Chancellor Rishi Sunak said.

He said the government backed workers and companies going into the lockdown, and would support them coming out, reports the BBC.

Sunak confirmed that employees will continue to receive 80 percent of their monthly wages up to £2,500.

But he said the government will ask companies to "start sharing" the cost of the scheme from August. Sunak rejected suggestions some people might get "addicted" to furlough if it was extended.

Some 7.5 million workers are now covered by the scheme, up from 6.3 million last week, he said.

The chancellor told the Commons that from August, the scheme would continue for all sectors and regions of the country but with greater flexibility to support the transition back to work, he said.

Employers currently using the scheme would be able to bring furloughed employees back part-time.

Top News

United Kingdom (UK)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: Bloomberg
    The worst stock selloff in half a century might not be done yet
  • Export earnings hit record high $52.08B in FY22
    Export earnings hit record high $52.08B in FY22
  • Inter-district travel of motorcycles prohibited for 7 days
    Inter-district travel of motorcycles prohibited for 7 days

MOST VIEWED

  • Photo: Bloomberg
    The worst stock selloff in half a century might not be done yet
  • Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Photo: Reuters
    German road traffic agency says 59,000 Tesla vehicles have software glitch
  • FILE PHOTO: A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. REUTERS/Denis Balibouse
    Boeing disappointed after China's top three airlines buy 300 Airbus planes
  • Commodities hit July storm with Putin and Powell stirring fear
    Commodities hit July storm with Putin and Powell stirring fear
  • Oil and gas account for about half of Russia’s exports.Source: Bloomberg
    The great European energy market bailout is only getting started
  • JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut
    JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut

Related News

  • UK cost of living crisis to peak later this year, BoE to press on with rate rises
  • Britain eyes green trade to end world's dependence on Russian energy
  • UK unemployment falls to lowest since 1974
  • UK to send 6,000 missiles, €30 million to Ukraine in new support
  • UK inflation hits 30-year high of 6.2% as Sunak readies response

Features

A Glittery Eid

A Glittery Eid

9h | Mode
Rise’s target customers are people who crave to express themselves through what they wear, and their clothing line is not relegated to any age range.

Level up your Eid game with Rise

9h | Mode
Stefan Dercon, a Professor of Economics at the University of Oxford and former Chief Economist of the Department of International Development (DFID). Illustration: TBS

Renewing the ‘elite bargain’ for Bangladesh’s future growth

12h | Panorama
The eye-catching commuter: Suzuki Gixxer SF 155

The eye-catching commuter: Suzuki Gixxer SF 155

1d | Wheels

More Videos from TBS

Warren Buffett's 10 tips to get rich

Warren Buffett's 10 tips to get rich

1h | Videos
Chirkutt performs on Fete de La Music Fest

Chirkutt performs on Fete de La Music Fest

11h | Videos
Madhuri Sanchita's seed ornaments exhibition

Madhuri Sanchita's seed ornaments exhibition

11h | Videos
Bangabandhu Tunnel to change lives of million

Bangabandhu Tunnel to change lives of million

22h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
TBS Illustration
Education

Universities may launch online classes again after Eid

4
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

5
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

6
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Launch operators on various river routes see a steep drop in passengers after the opening of the the Padma Bridge. Photo: TBS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net