Economy

North West wage support passes one million jobs

North West wage support passes one million jobs”

Analysis of new data shows that 25,400 people have been furloughed in Tottenham, north London, making it the worst-hit parliamentary constituency in the country as just under 18% of people pick up a Government-supported pay cheque. The figures show that 20,000 people, or 17.8% of the local population, including children and pensioners, have been furloughed there.

A total of 6,800 workers have been placed on furlough leave in Montgomeryshire, figures released this morning have shown.

The scheme was launched to help employers severely affected by coronavirus to retain their employees and protect the economy and will run until the end of October.

"Our unprecedented job retention and self-employment support schemes have supported the livelihoods of millions and will help ensure our recovery is as swift as possible".

Most employers who have abused the scheme during lockdown have done so either by claiming on employees' behalf without their knowledge, or by expecting employees who have been furloughed to continue working.

Around 60% of the companies who have furloughed at least one worker have fewer than five employees.

Chancellor Rishi Sunak
Chancellor Rishi Sunak

Across the UK, more than eight and a half million jobs have been furloughed, meaning the UK Treasury is paying 80% of an employee's wages up to £2,500 per month. "And, given the financial and reputational risks involved, employers must also ensure they are clear on what employees can and cannot do while furloughed, to avoid inadvertently opening themselves up to claims they are defrauding the scheme".

Employers will be expected to pick up more of the cost from August. Meanwhile, £7.5bn has been paid out to 2.6 million self-employed claimants during the same period.

These bigger businesses have claimed a total of £4.9 billion to cover the salaries of their staff. A further 2.6 million self-employed workers in the United Kingdom have made claims worth £7.5bn.

The data comes two days after it was revealed that more than a million businesses have asked for a loan under three Government-backed Covid-19 support schemes.

102,000 companies in accommodation and food service have furloughed 1.4 million people.

Simon Hart, Secretary of State for Wales, said: "The UK Government said it would do whatever it took to support the people and businesses of Wales through the pandemic and we have produced an unprecedented package of measures to deliver on that promise".

More news: Number of coronavirus cases confirmed in Tipperary now 541



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