Pan Mac and Bloomsbury repay furlough grant

Pan Mac and Bloomsbury repay furlough grant

Pan Macmillan and Bloomsbury have both chosen to repay furlough funding to the government, following the example of HarperCollins, which did not take the grant, with c.e.o. Charlie Redmayne now describing it as "morally indefensible" for successful businesses to take the cash. 

The furlough scheme, introduced by chancellor Riski Sunak in March 2020, and now extended to September this year, has helped companies retain jobs during lockdown by paying 80% of their salary while staffers remain off work.

HarperCollins is understood to have furloughed just over 100 people when the scheme was fir...

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