Our latest Business Clinic explored what your rights are — both as an employer and as a worker.
Chancellor Rishi Sunak has admitted it is “impossible” to predict how many jobs the government’s new job support scheme will protect. Nevertheless, reducing the state wage subsidy from 60 per cent to a maximum of 22 per cent will mean many jobs are no longer viable.
Small businesses — many of which do not have in-house human resources departments — are now grappling with the financial calculations as well as employment law as they assess how to use the new scheme.
Claer Barrett, the FT’s consumer editor, and Lindsay Cook, the FT’s Money Mentor columnist, answered your questions in the video above.
Topics they discussed include the business world’s reaction to the new proposals, plus practical information about the rules around redundancy consultations, voluntary redundancy programmes and what could leave employers open to future claims.
Get alerts on Coronavirus economic impact when a new story is published