The Treasury will start to wind down the furlough scheme this week – and not a moment too soon.
To begin with, the support is relatively generous – and costly – and still due to last another three months. Under the Coronavirus Job Retention Scheme (CJRS), employees on furlough receive 80% of their normal wages for any hours not worked, capped at £2,500 a month.
Currently, the Government pays the entire 80%. The taxpayer’s contribution will be scaled back to 70% from July 1, and cut further to 60% from the beginning of August, but the scheme is not due to close completely until the end of September.
In the meantime, the number of people on furlough has already fallen sharply. The latest harddata from HMRCreported that about 3.4 million jobs were still furloughed as of April 30. But more timely surveyestimates from the ONS
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Utopia, you are standing in it! 
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