united kingdom

England: Extended furlough scheme to March 2021

Submitted by mmarquez on Tue, 11/10/2020 - 10:56

bbc.com (07.11.2020) As part of the announcement of month-long restrictions in England, including the closure of pubs, restaurants, gyms and non-essential shops, furlough was initially extended until December. But Chancellor Rishi Sunak has now said it will run until the end of March, although the government will review the policy in January.

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UK: The government's furlough scheme has almost certainly helped prevent a large rise in unemployment over COVID-19 (so far)

Submitted by pmassetti on Fri, 11/06/2020 - 11:58

British Politics and Policy at LSE (03.11.2020) Jonathan Wadsworth explains why the furlough scheme seems to have done its job in preventing mass layoffs, as well as other reasons why the total entering unemployment is still much lower than in the 2008-2011 downturn.

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Covid-19

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UK: What is Rishi Sunak's job support scheme and how will it work?

Submitted by pmassetti on Fri, 09/25/2020 - 15:50

The Guardian (24.09.2020) The chancellor, Rishi Sunak, has announced a replacement for the coronavirus job retention scheme based on a German-style system of wage subsidies. Faced with the prospect of rising job losses this autumn when furlough closes at the end of October, and tougher restrictions on the economy as the pandemic worsens, the “job support scheme” forms the backbone of his winter economy plan. 
The government will contribute towards the wages of employees who are working fewer than normal hours, and will cover 22% of worker pay for six months.  

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united kingdom
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Unemployment

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