ALMOST half of businesses with furloughed workers expect to cut some staff when the scheme ends.
The coronavirus job retention scheme currently covers 80 per cent of wages for 9.3million workers – up to £2,500 a month each.
But businesses will start picking up the bill in August when they have to pay national insurance (NI) and pension contributions for furloughed workers.
Then from September, they will have to pay 10 per cent of salaries, plus NI and pension contributions.
In October, businesses will have to pay 20 per cent of salaries, plus NI and pension contributions. At the end of October the scheme will end.
According to a study by think tank Bright Blue and research firm Opinium, 44 per cent of businesses plan to let some, more, or all of their furloughed staff go when the scheme closes.
Medium-sized businesses with between 50 and 249 employees are most at risk, with 65 per cent of them saying they’ll have to cut jobs.