Debenhams, the fashion retailer from the UK which collapsed into administration recently, has reportedly claimed £40.5 million from the furlough scheme.
The British retailer legally claimed the aforementioned sum from HMRC between 9 April and 8 October 2020.
More on this, the fashion retailer said that it used the amount in exactly the same way as the scheme intended – and that was to safeguard the jobs while the stores were closed during lockdown as per Government instructions.
Here it is also important to state that Debenhams currently owes around £229 million to trade creditors.
The furlough scheme was started by Chancellor Rishi Sunak to preserve jobs during the pandemic, and it pays employees about 80 per cent of their normal wages.
Debenhams is undergoing the liquidation process following the failure of its administrators to find any buyer.
The collapse of the 242-year-old fashion retailer has now put over 12,000 jobs at risk.