COVID-19: Furlough Support Scheme Ends

Sep 30, 2021 • The government furlough support scheme, which supported people wages during the pandemic, closes.

The Furlough Scheme Should Never Have Been Allowed to Fund Million-pound Bonuses

THE GUARDIAN: JD Sports has handed its chief £6m. It’s clear the Treasury did not attach enough strings to its business life-support scheme

It is windfall time for those lucky few who sit in the shade of the magic money tree. Take Peter Cowgill, for example, executive chairman of JD Sports. He has been paid almost £6m in bonuses since February last year. What makes this huge amount even more shocking is that his company has received more than £100m in government support since the start of the pandemic.

Unlike Primark, which has committed to paying back £121m received under the furlough scheme and business rates relief, and the big UK supermarkets, which will pay back about £1.8bn in business rates, JD Sports has not yet decided whether it will return any furlough scheme money to the government. It wants to wait and see until Covid restrictions are fully lifted.

Let’s not forget that the massive public subsidies to Britain’s businesses were drawn up in the spring of last year, when many businesses faced existential crises and did not know if they would survive the pandemic. As it turned out, though, some of them thrived as our spending habits changed. And JD Sports was one of the winners. Its profits are set to rise by at least 70% to an estimated £550m this year. » | Stefan Stern | Friday, July 2, 2021

UK Furlough Scheme Pays Out Millions to Foreign States and Tax Exiles

THE GUARDIAN: Qatari owners of Harrods and the Ritz claimed £3m alongside payouts to Saudi royals and British National party from Covid job support scheme

Billionaire tax exiles, the British National party, Saudi royals and oil-rich Gulf states have claimed millions of pounds in taxpayer-funded furlough money, the Guardian can disclose.

The revelations, based on analysis of government information, have sparked dismay among MPs at the use of a scheme designed to support struggling businesses and prevent mass unemployment, with one complaining of public money being scattered “like confetti”.

Beneficiaries behind companies that have drawn on the coronavirus job retention scheme include:

• Members of the Saudi royal family

• Qataris behind Harrods and the Ritz

• The ruler of Dubai

• Tax exiles Jim Ratcliffe and Guy Hands

• Billionaires Evgeny Lebedev, Len Blavatnik and Mohamed Al Fayed

• The British National party » | Rob Davies and Joseph Smith | Friday, March 19, 2021

The foreign royals and billionaire tax exiles collecting UK's furlough millions »