UK chancellor expected to extend furlough beyond December

Climbdown comes amid mounting pressure on Rishi Sunak to safeguard jobs during second wave of Covid-19Coronavirus – latest updatesSee all our coronavirus coverageRishi Sunak is expected to announce an extension of furlough beyond the end of lockdown in December amid growing pressure from business leaders to safeguard jobs and the economy during the coronavirus second wave.The chancellor was preparing to announce that the flagship wage subsidy scheme – which pays 80% of workers’ wages – would continue to be made available for parts of the UK under the highest levels of Covid restrictions, sources said, in a significant climbdown for the government. Continue reading... https://www.theguardian.com/business/2020/nov/05/chancellor-expected-to-extend-furlough-beyond-december #confederation_of_british_industry_(cbi) #tuc #frances_o'grady #rishi_sunak #job_losses #coronavirus #business #uk_news #trade_unions