Furlough scheme 'set to wind down from July' as lockdown eased
RISHI Sunak is expected to announce today he will start to wind down the Government's furlough scheme for businesses from July - to match with an easing of the lockdown.
He is likely to extend it until September, but he is also set to to reduce the taxpayer-funded support down to 70 or even 60 per cent. Yesterday Boris Johnson all-but confirmed yesterday that the scheme would be continued in some form beyond June. “And then over the medium term, I’ve absolutely no doubt that the UK economy is immensely resilient and will come back. But we’re going to have to think a lot more – if we can’t get a vaccine fast then we’re going to have to think a lot more how we make our businesses, our lives Covid-secure while continuing with economic activity. But we’re a very ingenious bunch, the Brits, I’m sure we’ll find ways forward, and that is what we intend to do.
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