Coronavirus: Business groups seek urgent extension to 'furloughing' scheme

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Coronavirus: Business groups seek urgent extension to 'furloughing' scheme
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Ministers are under pressure to extend the government’s emergency wage subsidy scheme within days amid warnings that employers are on the brink of making massive permanent layoffs

The scheme pays up to 80% of an employee's wages, up to a monthly maximum of £2500.

Next week's deadline is critical because employment law requires any company wanting to make more than 100 people redundant must first hold a 45-day consultation period.

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