Some of Britain's furlough claims were probably fraudulent. Those claimants are likely to be 'let go' as the scheme winds down
It was supposed to last for 12 weeks, but is still going. By mid-July the government had paid out £67.4bn, around 3.3% ofin 2020, with 1.3m employers and 11.6m employees participating at some point. Now, finally, it is being wound down. From July 1st employers have had to contribute 10% of wages for furloughed workers, with the state’s share falling to 70%. On August 1st the employer’s share rose to 20%. The scheme is due to end on September 30th.
But some of those who drew it up now privately admit that they would have designed it differently, had they foreseen how long it would last. They had envisaged putting the economy in stasis for three months and re-opening with everything roughly as it had been. As the pandemic dragged on, furlough instead may have prevented labour and other resources from being reallocated efficiently in response to economic change, as in normal times.
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