The final furlough: the job retention scheme is winding down

The government’s Job Retention Scheme is winding down, says David Prosser. Prepare now.

Covent Garden © Getty images
Job losses loom in sectors that have yet to reopen fully
(Image credit: © Getty images)

Small businesses face some difficult decisions. With the government’s Coronavirus Job Retention Scheme now winding down, they must assess the costs accruing for furloughed staff and determine whether there is work for them to

return to.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.