UK: Here comes the squeeze – Government plans to reduce coronavirus furlough pay: what it could mean for businesses

The Government’s furlough scheme has been a lifeline for businesses and individuals during lockdown – but it can’t continue forever. Taxpayers are meeting the wages of 6.3 million people at a cost of around £8 billion. The Evening Standard has revealed the government’s now looking at ways to taper off the subsidy, starting with reducing it from 80 percent of an employees wage to 60 percent. What will this mean for small businesses? Craig Beaumont from the Federation of Small Businesses joins the Leader podcast.

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