• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics

No further extension to furlough scheme, warns Johnson

The PM says it is not ‘healthy’ for the state to keep on paying employees’ wages, despite fears of more job losses.

Joe Mellor by Joe Mellor
2020-07-02 15:59
in Business and Economics
Boris Johnson

Photo: PA

FacebookTwitterLinkedinEmailWhatsapp

Boris Johnson has warned there can be no further extension to the Government’s furlough scheme despite a fresh wave of job losses across the country.

Ministers are facing calls to extend the programme – which has protected more than 9 million jobs during the Covid-19 pandemic – following the announcement this week of thousands of lay-offs in the retail and aviation sectors.

But in an interview with London’s Evening Standard, the Prime Minister insisted it was not “healthy” for either the economy or the employees concerned to maintain the scheme beyond its planned end date in October.

“I’ve got to be very, very blunt with you. We’ve spent £120 billion supporting people, it’s a huge commitment and we have put our arms around people,” he said.

Build, build, build

“The best way forward for us now is to work together to beat the virus and get the economy back on its feet. We’re going to do amazing things; we’re going to build, build, build, invest massively in our country.

“But I think people need to recognise that the particular restrictions that furlough places on you are not, in the long term, healthy either for the economy or for you as an employee.

“You are keeping people in suspended animation. You are stopping them from actually working. I am being absolutely frank with you, we are pushing it out until October but in the end you have got to get the economy moving.”

RelatedPosts

Privatisation of England’s water was an ‘organised rip-off’

Inflation hits double figures and reaches new 40-year high

Unite secure thousands of BA staff a pay rise of 13% on average

Soaring energy prices force UK company to relocate to the Netherlands

The furlough scheme – which has seen the state pay up to 80% of the wages of workers who would otherwise have been laid off at a cost of £25 billion so far – is due to begin unwinding from August.

The prospect that firms will have to start contributing to the pay of employees on the programme has led to fears of a fresh wave of redundancies among businesses who cannot afford the cash.

Pandemic

Labour has called for the continuation of targeted assistance for sectors which have been particularly hard hit as a result of the pandemic.

Coronavirus
Boris Johnson has defended the appointment of David Frost (above) as national security adviser (Andrew Milligan/PA)

Meanwhile, Mr Johnson defended his appointment of his chief EU negotiator David Frost as the new national security adviser after it was sharply criticised by Theresa May.

In the Commons earlier this week, the former prime minister denounced the choice of a “political appointee” with “no proven expertise” in national security to such a critical position.

Mr Johnson said: “I didn’t hear what she said but I have the highest admiration for David Frost, and he will do an outstanding job. And by the way you know he is a very distinguished diplomat who has served in many, many different capacities.”

Related – PMQs – Johnson shut down, Leicester lock down, Country let down

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

‘He wants to concentrate on club football’ Giggs on Newcastle United defender

Lee Hurst has ‘no regrets’ after Twitter suspension over ‘creepy’ Thunberg joke

Manchester Arena bomb victim Saffie Roussos is to become a star in her own right

Film Review: Suspiria [1977]

London Home to 4,400 “Super Rich” People

Beergate: Sir Keir Starmer and Angela Rayner CLEARED – reactions as people think he will call no confidence vote in Johnson now

Covid has killed more Americans than Spanish flu

“Memory Cop” has caught more than 1,000 suspects using face recognition skills

Carnage – Car smashed into Italian restaurant and ended up inside building

PM’s top aide suggests replacing Cabinet with cartoon superheroes

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.