Adam Marshall

---

government pay scheme for workers, which Are kept on the payroll to open although it is not set to work because of the coronavirus, which is used for applications on Monday.

Under the Coronavirus Job Retention scheme which they Are on leave, the government will cover 80% of the wages of employees, up to € 2,500 Per month, if you Are .

German Chancellor Rishi Sunak said: "It is important that our economy is back in gear as soon as it is safe. "

millions of workers furloughed Are expected to be "" because of the lockout.

The Finance Ministry said The System , which goes live at 08:00 on Monday up to 450,000 applications a hour. Employers should receive The Money within six Working Days after the submission of the application, it said.

'payday is approaching'

On Friday, Mr Sunak announced that the grant to the compensation scheme, until The End of June.

The Move came after for "at least" three weeks.

Adam Marshall , Director-General of The British chambers of Commerce, said: "With April payday is approaching, it is important that the application process is smooth and that payments as soon as possible.

"Any delay would worsen The Cash crisis faced by many companies and is a threat to employment and companies could have," he added.

How does The System work?

Under the Coronavirus Job Retention scheme, the government will cover 80% of the wages of employees, up to a maximum of £2,500 Per employee, Per month before tax.

bosses pay workers, and after The Service goes live on 20. April.

The minimum time that an employee can be furloughed for three weeks, and businesses Are not to be expected that the receipt of The Money until at least The End of April.

According to new research by The Resolution Foundation, the inclusion of the control was higher than initially expected.

He estimates that eight million workers could be furloughed in The Coming weeks.

It was found that those who Are in low-paid industries, such as hospitality or Retail - the worst hit, with almost half of the workforce expected to be on paid leave.

Daniel Tomlinson, economist at The Resolution Foundation, said: "The government is welcome is a Job Retention scheme, what stands between the United Kingdom, with high unemployment in The Coming months, and the disastrous depression-era levels of long-term unemployment.

"It proves to be particularly important in large, low-paid sectors such as hospitality and Retail trade, where about half of the workforce no longer work. "

as well as Fast Food companies KFC and McDonald's have all the furloughed employees, how their work came to a standstill under blocking.

Rain Newton-Smith, chief economist at the Confederation for British industry, welcomed The Launch of the online application for the company.

"the roll-out of The Job retention System will make a huge difference to tens of thousands of companies and millions of people, protect the jobs and standard of living in the UK," She Said .

"to Ensure that the support gets to where it is Most needed - quickly is of the utmost importance. "

rishi sunak, coronavirus pandemic, british chambers of commerce, hm treasury, employment

Source of news: bbc.com