Furlough funding needed now to protect businesses and workers during COVID-19 crisis, says FTA


 

The FTA is calling for “urgent clarity” on how quickly furlough payments will be made once the government scheme launches at the end of this month, warning that firms furloughing workers are “fast running out of cash” as the COVID-19 pandemic continues. Under the scheme, companies adversely affected by the pandemic can reclaim up to 80% of an employee’s usual monthly wage, up to £2,500 per month, plus employer national insurance contributions and minimum employer pension contributions. The FTA estimates […]