COVID-19 & Employment: Advice for Furloughed Workers

COVID-19 & Employment: Advice for Furloughed Workers

23/06/2020

In the UK, there are currently millions of furloughed employees, unable to work due to the disruption caused by the pandemic.

The Coronavirus Job Retention Scheme was introduced by the government in March 2020 to support these workers and the businesses that employ them. In this, the government pledged to fund 80% of salaries up to £2,500 per month, of employees who have been furloughed. The original scheme was to run until May and has already been extended until the end of October, with the stipulation that employers will soon need to contribute, in part, to the 80%.

While this scheme will have been a welcome relief to millions, some will still be understandably concerned about the reduction in their household income.

Several other initiatives have also been announced to help individuals financially through this difficult time (details here). For many the combination of these will be enough to help weather the short term cash flow issues caused by the pandemic.

Some, however, may have experienced debt problems prior to the pandemic, and may find these initiatives are not enough to help break free from the long term cycle of debt.

Rest assured, if this sounds familiar, there are still options available to you. Our advisers are here 6 days a week to provide free, confidential advice on your situation.

To get in touch, call now on 0141 300 5656 or book a call back below.

Book a Callback