Labour has warned that over a million jobs in the hospitality sector are at risk of being lost if furlough is not extended, with the scheme currently set to end in April. According to the Office for National Statistics, one in ten hospitality businesses believe that they may be making staff redundant over the next three months. Furthermore, the latest survey data has shown that a huge 39% of firms in the sector are at risk of insolvency.
The measures brought in by the government to replace the furlough scheme were unveiled this week. Under the new setup the most vulnerable workers in the economy will have the least support and no attempt has been made to prevent the potential for millions of redundancies when furlough is withdrawn at the end of this month.
Today (22 September 2020) it was announced that new COVID-19 restrictions were to come into place in an attempt to combat rising cases of the virus.
It has been revealed that some of Britain’s richest bosses and most notorious capitalists have been among those to benefit from the Government’s Coronavirus Job Retention Scheme.