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Page 20 - Treasury Bridget Phillipson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fewer workers on furlough across County Durham and Darlington

Thousands fewer workers were furloughed in May THOUSANDS fewer workers across County Durham and Darlington were on furlough in May - but the Government has been accused of acting too fast in winding down the scheme. As of July 1, employers must pay 10 per cent of the salary for furloughed staff, rising to 20 per cent in August and September, when the support scheme ends. But there are fears many businesses will not be able to afford the cost with parts of the economy still restricted by Covid measures. The latest figures from HM Revenue and Customs (HMRC) show that 5,200 jobs held by workers living in County Durham were furloughed in May.

Furlough Q&A: What changed on July 1? | Eastern Daily Press

And Steve Magnall, director of independent bakery brand The Two Magpies which have sites across Norwich, Holt and Blakeney, said: It s been a godsend, that s undeniable. I ve opened two new sites this year to make the most of the opportunity with pent-up demand, and I don t think I would have done that if it hadn t been for furlough. Owners of Two Magpies Bakery; Rebecca Bishop and Steve Magnall. Picture: Archant - Credit: Archant The real shock will be a return of business rates and VAT rises - the high street was being decimated by online retailers before the pandemic and this was an advantage. It would be a real win if those policies could be looked at.

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