5 Nov 2020

Furlough scheme extended until March

Economics Correspondent

The government’s furlough scheme, designed in March to pay 80 per cent of the wages for some nine million workers for a month – and extended ever since – has been extended again.

But this time not just by a month, but right up until the end of next March.

This, as the Governor of the Bank of England describes the recession we are living through as without precedent.