The jobs furlough scheme set up in the wake of the coronavirus outbreak is to be extended until the end of March, Rishi Sunak has told the Commons.
In a major U-turn by the Government, the Chancellor said the move is needed because of the economic situation caused by the Covid-19 pandemic.
Mr Sunak said the Government’s highest priority remains “to protect jobs and livelihoods”. He had previously extended the furlough throughout November due to the second national lockdown in England.
The move comes after the Government continually resisted pressure to extend the furlough scheme, which pays 80% of wages up to £2,500 a month and was originally supposed to end in October.
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