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UK furlough scheme ends in 40 days; employers return £215m 'unwanted' cash

AS the UK furlough scheme officially ends on 31 October many firms in the country have voluntarily returned £215m which they did not need or took in error.

Some firms claimed smaller payouts the next time they were given furlough cash.


According to HMRC figures, some 80,433 employers have returned the money so far.

Under the Coronavirus Job Retention Scheme (CJRS) - or furlough scheme - workers placed on leave have received 80 per cent of their pay, up to a maximum of £2,500 a month.

A whopping £35.4bn claimed under the scheme up until 16 August, the latest data showed.

Officials estimate that out of which £3.5bn may have been paid out in error or to fraudsters.

Under the scheme, which was launched in April to support businesses that could not operate, or had to cut staffing levels during lockdown, the full amount was paid by the government initially, but firms are now having to make a contribution to wages as well.

The scheme has helped 1.2 million employers across the UK furlough 9.6 million jobs, official figures showed.

The firms which returned cash include housebuilders Redrow, Barratt and Taylor Wimpey, Games Workshop, distribution giant Bunzl and the Spectator magazine.

Recently. the government has made it clear that the furlough scheme would not be extended.

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HS2 
review blames 'gold plating' of high speed plans for £100 bn cost

The main contract was given out before designs were ready, with poor planning for managing risks

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HS2 review blames 'gold plating' of high speed plans for £100 bn cost

Highlights

  • Original plan for 360km/h speeds created bespoke design that inflated costs beyond control.
  • First trains between London and Birmingham now expected from 2035, not 2033.
  • Project cost has soared from £32.7 bn in 2011 to potential £100 bn for reduced route.
An official government review has found that trying to build one of the world's fastest railways through "gold plating" drove costs for Britain's high-speed rail project out of control.

Stephen Lovegrove, former national security adviser, told The Times that trying to build one of the world's fastest railways was a major mistake that caused HS2's problems from the start.

The decision to design tracks for speeds of 360km/h forced engineers to create highly specialised infrastructure that made costs spiral out of control.

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