What does furlough mean? 

Among the Chancellor’s plans is a huge bailout to cover the wages of millions of UK workers.

The Government has pledged to cover 80 percent of salaries up to £2,500 per month, with all employers able to apply to HMRC to pay the wages of people who are furloughed.

An employee furlough is when bosses require their staff to take unpaid leaves of absence.

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Other Government schemes for financial aid during the coronavirus pandemic include, among others, a delay in VAT and Income Tax payments.

The state is allowing small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.

A 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England is also available.

A grant of £10,000 for all business in receipt of small business rate relief or rural rate relief, and a £25,000 grant for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000.

Do you have any questions about the coronavirus, self-isolating or the Government lockdown?

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