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Martin Lewis warns that ‘hundreds of thousands of furloughed workers could face redundancy’

Worrying news…

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According to Martin Lewis, hundreds of thousands of furloughed workers face redundancy.

Martin Lewis, founder of MoneySavingExpert.com, has issued a warning to those on furlough due to changes in the scheme set to happen in August.

Unfortunately, despite furlough being designed to keep people in employment, it doesn’t protect you from being made redundant. 

Employers will be required to start to make contributions towards costs from August, and this could mean redundancies begin to be announced soon.

This is because employers have to give 45 days notice before making redundancies, and this can still happen while staff are on furlough.

If employers think they can’t afford to start contributing towards furlough pay come August, redundancy letters could start being sent this month. 

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This situation will likely spiral come October 31st, when the furlough scheme ends. 

Currently, those unable to work due to coronavirus such as hospitality staff are able to get 80% of their wages paid by the government, up to a maximum of £2,500 a month.

The scheme was launched on the 20th March and was backdated from the 1st of the same month, and as of the end of today, no new employees can be put on the scheme.  

From August the rules are changing and employers will be expected to pay the National Insurance and Pension contributions. 

From September they will also be required to pay 10% of the salary, which will be upped to 20% in October when the scheme is set to finish.

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Martin Lewis has explained that this means 100,000s or even millions of people could face redundancy. This is because 8m people are currently on the furlough scheme.

In his weekly email published today, Martin said: “I’m sorry for the stark warning. From August, employers need to start contributing towards furlough costs.

“This means redundancy is likely by then for those in roles employers don’t consider viable after October, when furlough ends.

“As redundancy can require a 45-day consultation period, that means many will soon get letters. I suspect this will impact 100,000s or even millions.”

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If you are furloughed and made redundant it doesn’t affect your redundancy pay rights and your employer is still required to carry out a fair redundancy process.

How much you are entitled to depends on your age and length of service. If you are under 22 you are entitled to half a week’s pay for each full year; one week’s pay for each full year if you are between 22 and 41; and one and a half week’s pay for each full year you are over 41.

You are not entitled to a redundancy pay out if you have been working for your employer for under two years.

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A HM Treasury spokesperson said: “The Coronavirus Job Retention Scheme is one of the most generous schemes of its kind and it has so far protected more than 8million jobs and supported millions of businesses during this crisis.

“As the economy re-opens, we will continue to look at how to adjust our support in a way that ensures people can get back to work, protecting both the UK economy and the livelihoods of people across the country.”

Employers are not allowed to base redundancy payout on the rate of your furlough pay instead of your usual salary.

To help those affected, Martin Lewis has released a guide to redundancy which you can see here

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Energy bills set to rise even higher in worrying new prediction

Households will soon be faced with annual bills of over £4,000

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Energy bills are set to rise even higher than previously predicted, according to worrying new figures released today.

Energy consultancy firm Cornwall Insight has forecasted that the average household will be paying £3,582 a year, £200 higher from the £3,359 originally predicted earlier this month.

And from January, the amount is expected to rise even higher to £4,266 before continuing to rise in April to £4,427.

The previous forecast for April was £3,729 – that’s a rise of £650.

Cornwall insight said it had increased its forecast due to the continuing rise in wholesale prices and an expected change in methodology for how the energy price cap is calculated.

Dr. Craig Lowrey, principal consultant at Cornwall Insight, described the predicted increase in January as a ‘fresh shock’.

Read More: Ofgem boss issues warning to people planning energy bill boycott

He said: “The cost of living crisis was already top of the news agenda as more and more people face fuel poverty, this will only compound the concerns.”

However, Dr. Lowrey explained that without the more frequent changes to the price cap, more energy suppliers might be in danger of collapse.

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He said the change in how the price cap is calculated was necessary to prevent suppliers going bust, but added: “Rather than critiquing the methodology of the cap, it may be time to consider the cap’s place altogether.

“After all, if it is not controlling consumer prices, and is damaging suppliers’ business models, we must wonder if it is fit for purpose – especially in these times of unprecedented energy market conditions.

“It is essential that the government use our predictions to spur on a review of the support package being offered to consumers.

“If the £400 was not enough to make a dent in the impact of our previous forecast, it most certainly is not enough now.”

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Avanti West Coast slashes timetable and suspends ticket sales to Manchester ‘until further notice’

The disruption is expected to last for the rest of the month

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Avanti West Coast

Avanti West Coast has slashed its timetables and suspended ticket sales to Manchester ‘until further notice’.

The company said severe staff shortages caused by ‘unofficial strike action’ by ASLEF members is the reason for their reduced services, which are expected to be impacted for the rest of the month.

As a result of this, services will run on a reduced service, with trains between London Euston and Manchester Piccadilly being the worst affected.

Train frequencies between the capital and Manchester will be reduced to as few as one per hour, rather than the usual three.

There will be just four Avanti West Coast trains per hour from Euston travelling to Glasgow, Liverpool, Manchester and Birmingham.

Avanti West Coast said that many passengers have experienced short-notice cancellations in recent weeks and they hope the reduced timetable will allow them to run a reliable service.

Ticket sales and closed reservations have also been suspended from August 14th to September 11th ‘to minimise the number of people disrupted’.

A statement from the company said: “From August 14th, until further notice, we will be introducing a reduced timetable on our services. This is due to the current industrial relations climate which has resulted in severe staff shortages in some grades through increased sickness levels, as well as unofficial strike action by ASLEF members.

“As a result of the above, including the majority of drivers declaring themselves unavailable for overtime, our customers have faced multiple short-notice cancellations on our network which has had a severe impact on their plans.

“The reduced timetable is being introduced to ensure a reliable service is delivered so our customers can travel with greater certainty. This decision was not taken lightly, and we are sorry for the enormous frustration and inconvenience this will cause.”

The company went on to urge rail unions to ‘engage in meaningful industry reform talks around modernising working practices and developing a railway fit for the 21st century’.

Their statement concluded: “If you’ve already booked to travel with us from August 14th onwards and your train is cancelled, your ticket will be accepted on the Avanti West Coast service before or after your original booked train.”

Alternatively, passengers can claim a full, fee-free refund from their point of purchase if they can no longer travel due to the amended timetable.

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‘Grease’ star Dame Olivia Newton-John has died aged 73

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Grease actress Dame Olivia Newton-John has died at the age of seventy-three.

A representative for the Cambridge-born actress confirmed the news tonight, saying Olivia ‘died peacefully at her ranch in Southern California Monday morning, surrounded by family and friends’.

Her death comes after a thirty-year-long battle with breast cancer.

Her husband John Easterling confirmed the news in a Facebook post on her official page, writing: “Dame Olivia Newton-John (73) passed away peacefully at her Ranch in Southern California this morning, surrounded by family and friends.

“We ask that everyone please respect the family’s privacy during this very difficult time.

“Olivia has been a symbol of triumphs and hope for over thirty years sharing her journey with breast cancer.

“Her healing inspiration and pioneering experience with plant medicine continues with the Olivia Newton-John Foundation Fund, dedicated to researching plant medicine and cancer.

“In lieu of flowers, the family asks that any donations be made in her memory to the Olivia Newton-John Foundation Fund (ONJFoundationFund.org).

“Olivia is survived by her husband John Easterling; daughter Chloe Lattanzi; sister Sarah Newton-John; brother Toby Newton-John; nieces and nephews Tottie, Fiona and Brett Goldsmith; Emerson, Charlie, Zac, Jeremy, Randall, and Pierz Newton-John; Jude Newton-Stock, Layla Lee; Kira and Tasha Edelstein; and Brin and Valerie Hall.”

Olivia was first diagnosed with breast cancer in 1992 and again in 2013, though she chose to keep her diagnosis private the second time around.

When she was diagnosed for the third time in 2018, she was informed the cancer had spread to the base of her spine. However, she remained optimistic and was determined to beat the disease with the help of her husband. 

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