Politic > Economy

U.K. Extends 80% Furlough Pay to End of March 

28 days ago   |   By Bloomberg

U.K. Chancellor of the Exchequer Rishi Sunak extended payments to furloughed employees until the end of March, as he sought to provide certainty to the country's coronavirus-ravaged economy.
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UK extends furlough scheme again amid fresh Covid lockdown and mass unemployment panic

UK extends furlough scheme again amid fresh Covid lockdown and mass unemployment panic

28 days ago   |   By RT

The UK's chancellor has extended the government's job retention scheme until the end of March 2021, as Britain starts its second lockdown and fears of substantial job losses mount.
Rishi Sunak told lawmakers on Thursday that he would be extending the government's furlough scheme, which gives companies the chance to place employees on a paid, temporary leave of absence, until the end of March 2021.
The scheme, which sees the government paying up to 80 percent of a furloughed employee's wage, was due to end on October 31 but had been extended to cover the duration of England's four-week...
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