UK Government to cover 2/3 of staff pay if
retail stores have to shut down again
Over the past few weeks, cases have been spiking again in
the UK and though the stores are still open, there’s a slump
in the footfall. Understandably, there’s now a fear of
stores getting closed anytime.
Chancellor Rishi Sunak has announced a furlough scheme
wherein the Government has assured to cover 2/3 of staff pay
if and when retail stores are forced to shut down again.
The expansion of the Jobs Support Scheme, reportedly, will
not only save jobs but also give reassurance for people and
businesses across the UK.
The retail industry, especially the fashion sector, has been
the worst hit ever since the pandemic started.
If the retailers as well as some other businesses are forced
to close again owing to the increasing cases, the Government
will pay 2/3 of each employee’s salary up to a maximum of
£2,100 every month.
The scheme says that retailers will be able to claim the
grant if they are subject to restrictions and staff is off
work for at least 7 successive days.
To be launched on 1 November, the scheme will run for 6
months. However, the Government has said that there will be
a review in January 2021.
While stating this scheme was different to the previous
furlough scheme, Rishi said this is an expansion of the Jobs
Support Scheme and Government will adapt and evolve as the
health situation in the country adapts and evolves.
According to Treasury sources, the expanded Jobs Support
Scheme will cost hundreds of millions of pounds every month.
One just hopes the retailers do not have to face the brunt
of the pandemic yet again and there is no further increase