A few contractor friends are going to be furloughing themselves from their newly repurposed contracting limited companies (i.e. now a real estate purchase and sale SIC) the impact from COVID are obvious, drops in property appetite close to zero.
The potential challenge is, these same people also have another job as permanent employees. Technically speaking it looks like they can still claim being furloughed from one particular employee, is this correct?
It seems the overarching intent of the scheme is a) to prevent people from being made redundnant, but b) also a form of quantitative easing, injecting cash into individuals rather than the traditional banking global markets systems.
Thoughts?
The potential challenge is, these same people also have another job as permanent employees. Technically speaking it looks like they can still claim being furloughed from one particular employee, is this correct?
It seems the overarching intent of the scheme is a) to prevent people from being made redundnant, but b) also a form of quantitative easing, injecting cash into individuals rather than the traditional banking global markets systems.
Thoughts?
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