Nicola Sturgeon calls for furlough scheme to be extended in current form as UK economy shrank by 20 per cent in April
Reading now: 529
dailyrecord.co.ukeconomy shrank by 20.4 per cent in April - the largest monthly contraction on record.The Office for National Statistics (ONS) said the “historic” fall in the first full month of lockdown affected virtually all areas of activity.The contraction is three times greater than the decline seen during the whole of the 2008 to 2009 economic downturn.Responding to the figures the First Minister said the wage subsidy scheme which has seen the treasury pay 80 per cent of wages for over 680,000 Scots worker was “hugely welcome” but had to be extended now.On social media, Sturgeon demanded: “UK gov interventions - esp on wage subsidy - have been hugely welcome.
Read more on dailyrecord.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
