You are here: Home - Household Bills - News -

Number of furloughed workers hits 9.2 million

0
Written by:
23/06/2020
A total of 9.2 million jobs have been furloughed at a cost of £23bn, official government statistics reveal.

As of Sunday 21 June, 9.2 million workers have been furloughed by 1.1 million employers. In total, the value of claims under the government’s Coronavirus Job Retention Scheme (CJRS) stands at £22.9bn.

This is up from 9.1 million furloughed workers reported a week ago with employers claiming a total of £20.8bn to cover staff wages.

The furlough scheme will run until the end of October and from 1 July, there will be greater flexibility for the scheme, allowing employers to bring back furloughed employees part-time.

Meanwhile, claims made by self-employed workers who are struggling during the pandemic have remained at 2.6 million for the third week in a row.

The total value of claims made under the Self-Employment Income Support Scheme, which launched in May, also remains at £7.6bn.

A “second and final” grant will be available for self-employed workers from August.

This second grant will be payable at a level equivalent to 70% of the taxpayer’s annual average profits, capped at £2,190 per month, so the maximum amount payable will be £6,570 to cover three months.

Support for businesses

Separate figures from the Treasury show that more than £40bn has been given in loans to struggling businesses.

Under the Bounce Back Loan Scheme, more than 921,000 businesses have received £28.09bn in loans. As of 21 June, 1.1 million applications for the scheme had been submitted.

As part of the Coronavirus Business Interruption Loan Scheme, £10.5bn has been approved to help more than 50,000 businesses, while 99,000 applications have been made under the scheme.

Turning to the Coronavirus Large Business Interruption Loan Scheme, the Treasury statistics revealed £2.1bn of loans have been approved for 315 businesses, though 709 applications have been received.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Thousands of children to benefit from free meals and activities this summer

The Government’s Holiday Activities and Food programme will support up to 50,000 disadvantaged children to help them to stay healthy...

Close