United Kingdom
United States
Asia Pacific
Bank of England chief economist warns AGAINST furlough extension
The Bank of England’s chief economist is warning against an extension of the government’s furlough scheme despite pleas from the travel sector for more support to prevent thousands of job losses over the winter. Andy Haldane told City A.M. that such a move would prevent ‘a necessary process of adjustment’ taking place, adding that ‘keeping all those jobs on life support is in some ways prolonging the inevitable’. The government’s Coronavirus Job Retention Scheme is due to end on 31 October.
At the same time, a chief accountant is warning firms – and the self-employed – to check that they didn’t commit ‘furlough fraud’ as they rushed to submit claims at the start of the pandemic. Dawn Register, Head of Tax Dispputes at BDO says HMRC is now investigating incorrect and fraudulent claims. Read more.
Related News Stories:
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled