2020 has had drastic changes that not anyone expected. Some affected us positively and some affected us negatively. Jobs were affected in both ways.
At the beginning of lockdown, it was obvious that people who were meant to be at work and could not work from home would not be earning money. So the furlough programme was created, it was formally named the 'Coronavirus Job Retention Scheme'. It was designed to fund businesses so they could continue paying 80% of employees' salary for those that would have otherwise been made unemployed.
The furlough scheme seems to be working as Rishi Sunak, Chancellor of the Exchequer seems very pleased so far, as he has stated, "As today's official employment figures show, the furlough scheme has done what it was designed to do - save jobs and help people back to work, where they want to be."
However, the negative side to the furlough programme is that not everyone's job could be saved, as Sunak has told us, "We were clear at the start of the pandemic that we couldn't save every job, but the furlough scheme has supported millions of workers and we want to help employers keep people on. Our Job Retention Bonus will do exactly that, supporting businesses to do the right thing."
The Job Retention Bonus is a £1000 one-off taxable payment to employers, it is for each eligible employee who had been furloughed. However, employers do not have to pay this to their employees.
This shows that furlough has affected the UK quite positively for the COVID-19 pandemic that is occurring because people are still earning some money while they are at home. Sunak has tried to make sure that the majority of workers are getting some of their salary, but as he has stated, not every job can be saved.
Everyone has been affected by COVID-19 but the furlough programme has positively helped society because it has kept people paid and has made a major difference in the way businesses work.