Discover and read the best of Twitter Threads about #furlough

Most recents (10)

Some thoughts on the proposed #energy bill freeze... 🧵

Based on media reports, the idea is to cap the unit cost of energy by subsidising suppliers so that they do not have to pass on higher wholesale prices in full, either to households or to businesses… (1/10)

On the plus side, this would lift the huge cloud of uncertainty which is now hanging over the whole economy. The peak in #inflation would also be much lower.

With this plan in place, the new government can score a big 'win' and quickly move on to other priorities... (2/10)
But this is another huge intervention which will distort markets even further, mainly help higher users of energy, and could be very expensive.

Consumers will still have some incentive to reduce bills by using less energy, but much less than if prices were free to adjust. (3/10)
Read 10 tweets
Thank you @ruskin147. I couldn't agree more. As a member of a firm which regularly acts for victims of #fraud including the #NHS and the #charity and public sectors the failure to recognise the impact of fraud on both individuals and organisations is utter disdain. A thread 1/15
These are not just statistics, they are crimes affecting real people, their lives and livelihoods. It's not difficult to tell the truth, and say how you are addressing the issue and helping prevent fraud and not make light of the 5.1 million fraud offences in y/e September 2021
which were reported by the ONS in January. This is an increase of 36% compared with y/e September 2019, with fraudsters taking advantage of changes in behaviour during Covid-19 - with more remote working and online interaction. There were also 1.9 million computer misuse offences
Read 15 tweets
No.. it can't possibly be due to some incompetent prick inviting the world and his wife to the narrowest strip of England.
Or due to govt failing to restrict travel & protect SW England yet again.
Here's some truth: a THREAD of unfiltered truth and fact.…
This map shows the increases in infections...
...and also the route driven by holidaymakers traveling to Cornwall. At Exeter most take the A30 to Cornwall and you can see how Covid case increase did the same.
More to follow... Image
The same map with hotspots highlighted. As you can see, Cornwall is a hotspot hundreds of miles from any other, meaning the new cases were caused not by local diffusion but by insertion - ie carried in person specifically from one terminal point to another. There's more... Image
Read 14 tweets
.@bankofengland is right that our strong vaccine rollout is essential for our economic recovery. And we will undoubtedly have a big bounce as things reopen. But let’s remember that is from the very low position of being 10% down. #economy…
This initial bounceback will be driven by those who have been lucky enough to maintain or grow their incomes during Covid as they splash out with their excess savings and make up for lost time. #bankofengland #economy #thread
But vaccines can’t reopen businesses already closed, save jobs already lost, pay off the debts of over-leveraged SMEs, or plug the huge holes in the finances of the unlucky 3.8m excluded from Covid income support for the past 10 months. @ExcludedUK #ExcludedUK #thread
Read 5 tweets
FWIW, I’ve been comparing my UK economic forecasts with those of the #OBR. There is a much more positive story than the Chancellor told in Wednesday’s #SpendingReview #SR20 📢

Let’s start with the near-term outlook… (1/8)
The #OBR assumes that the economic impact of #lockdown2 will be ‘three-fifths’ that seen during the first lockdown, when #GDP fell by 25% in March and April. This means that lockdown2 would take the level of #GDP back to 15% below its pre-Covid peak… (2/8)
Given that #GDP was 8.2% lower in September than February, and assuming little change in October, this is consistent with a fall of around 7% m/m in November, which is what’s in the #OBR’s ‘central forecast’. This seems about right to me... (3/8)
Read 8 tweets
Three reasons why I expect a #vshapedrecovery in the UK economy, using the analogy of a car...

1. Activity slumped in March in April because #Covid slammed on the brakes. Now the foot is off: the #lockdown is being lifted and consumers are regaining confidence to spend again...
2. The car was in pretty good condition before the pandemic struck. In particular, the UK’s relatively flexible economy and labour markets are good at creating #jobs to replace those that are lost (#unemployment was <4% at the start of 2020, compared to >7% in the euro area)...
3. Most commentators seem to be looking in the rear mirror – e.g. at Q2 #GDP, or how many people have been on #furlough. But more timely surveys and hard data show that the speedometer is gradually climbing. And there is a tank full of pent-up demand.
Read 3 tweets
Coronavirus Job Retention Scheme - GOV.UK // Updated 12 June to include new flexible rules from 1 July. #CJRS #Furlough…
Min claim period = 7 calendar days. - will make weekly payroll claims for #CJRS in July interesting given how dates fall next month...
Extra new paras re clarification of HMRC view of interaction of holiday pay and furlough.
Read 13 tweets
Deloitte, 2017: "Operations will cease to be delivered by humans."

Deloitte: The #Future of Operations, Deloitte Global Impact Report, Nov 13 2017


#Covid19 is the conduit to the #4IR now in full motion. As people come to terms w/ what is being forced upon humanity, we will soon regret that we did not unite to oppose to draconian lockdowns/expanding surveillance that will serve to protect/insulate ruling classes from revolt.
#UBI (universal basic income) is a tool designed by the rich to stave off #Molotov cocktails - while at the same time enriching themselves even further. The ruling class knows full well what they are unleashing - but the citizenry does not.

Read 46 tweets
A couple of key points that Caroline McEnery @TheHRSuite and @elmaoreilly @parallelldn shared this morning on the @IIBN webinar:

1. Get into the helicopter and look at your business strategy for the next 3, 6 and 12 months. Align your #HR strategy accordingly.

(1/5) Image
2. #Communication is critical. Have you daily check-ins, normal one-to-one meetings and don't assume people know what you're thinking.

3. Information on the #furlough system in the UK is changing all the time. Explain that to your staff and that you're keeping up to date. (2/5)
4. This is a time when your brand values really have a chance to shine or will be challenged. If you've said that you offer #flexibleworking for example, this is the time when your policy is being put to the test. Some brands are showing they're true to their brand promise. (3/5)
Read 5 tweets
New Year, new career, thought Alex, (like 18% of the 10.9% of UK job changers) and interviewed with us during January. He agreed to leave his existing employer after his notice period & started with us on 28th February. More pay, better working conditions, it was a promotion. 1/-
None of us could have predicted the impact of #COVID19 on our lives as we chased work & integrated Alex into our business and we didn't. Our main client, in the automotive industry, closed as @RishiSunak announced the #Furlough scheme to help us. OK, we wouldn't get a grant. 2/-
We run our business, covering the UK, efficiently, from home. But we did qualify to put Alex on furlough & we did so on 21st March with the correct paperwork. We made full payment to him on 28th March. My relief was intense because I had persuaded him to leave his employer. 3/-
Read 7 tweets

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