Coronavirus: Government Reveals How Many Britons Are On Vacation – And How Much It Cost | Economic news

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More than one in five British workers has now been put on leave, which means the government is paying the wages of 6.3 million people.

As part of the job retention program, 80% of an employee’s salary is paid by the state – up to a maximum of £ 2,500 per month.

Downing Street says the initiative has so far cost £ 8 billion, with 800,000 employers affected by the coronavirus pandemic making a claim by HM Revenue and Customs.



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The program is designed to avoid businesses having to lay off staff permanently, even when business stops due to COVID-19[female[feminine.

It opened on April 20.

The Prime Minister’s official spokesperson said: “Since the launch, 800,000 employers have used the job retention program to create 6.3 million jobs.

“This represents a total value of £ 8 billion. “

The plan was originally intended to cover the salaries of personnel temporarily laid off until the end of May, but was later extended by one month.



The working methods will have to change at the end of the lock.

The return to work process

It has been taken over by major companies including British Airways, which has announced that it will use it to subsidize the incomes of more than 30,000 employees.

Torsten Bell, chief executive of the Resolution Foundation think tank, said the latest figures showed “in clear terms the extent of Britain’s economic closure.”

“If this type of worker volume stays on the program for several months, the cost will be in the tens of billions of pounds,” said Mr. Bell. “And it’s a cost that is definitely worth paying. “

Latest figures on leave plan come as government begins deployment of its Bounce Back program to support small businesses.

The fully state-funded small business loan program is designed to be less complicated than other support initiatives put in place during the pandemic.



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Chancellor Rishi Sunak said the government would do “whatever it takes” to help households and businesses hit by the crisis, promising more than £ 300 billion in loan guarantees to disaster victims.

But some have criticized the fact that its main coronavirus business interruption loan (CBILS) program has been too slow to send money to businesses that need it.

The banks processing the claims say they have been bothered by the fact that the CBILS loans are only 80% guaranteed by the taxpayer – unlike similar schemes in Germany and Switzerland, which have a guarantee 100% from the state.

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