80% up to £2,500 a month which equates to £30,000 a year before tax.
Imagine you earn £50,000 a year, you're all of a sudden taking a 20k paycut, a lot of families cannot afford to take that hit.
Ok, you're at home on your @rse doing nothing so effectively getting paid for sod all, but I know the majority of higher earners would much prefer to be at work.
I thought I would never say the words, but I have a lot of sympathy for some of the higher earners who may now struggle to pay their mortgage.
I think if I was in that position. Depending on length of service. I'd look to refuse the furlough. Which can be done. The company then have 3 options.
Find a role for you,
Pay the additional,
Make you redundant.
I had the convo at work and if I were to be furloughed then they woukd have made the difference up. It woukdnt have been as big a hit as you've painted, but woukd still have cost the company far less to top up than pay me off.
