OBR: April furlough extension will cost further £3bn

first_imgRishi Sunak has extended the Coronavirus Job Retention Scheme until the end of April, one month later than had been originally planned. “Over the coming months, the government should continue to listen to business and evolve it support measures with the on the ground impact of the pandemic. “Further cashflow support will be needed for companies who are unable to operate for an extended period, or those who face reduced capacity or demand due to ongoing restrictions,” he continued. whatsapp The UK’s borrowing in November hit more than £30bn, the third-highest monthly total on record. Tags: Coronavirus whatsapp Rishi Sunak earlier this year (Photo by Stefan Rousseau-WPA Pool/Getty Images) More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com Show Comments ▼ Tuesday 22 December 2020 1:05 pmcenter_img The Chancellor’s decision to extend the furlough scheme an extra month will cost an extra £3bn, according to new official figures. Sunak also announced that the Government’s three loan schemes would be extended from January until March, costing an additional £4bn. James Silver Share Read more: Patel refuses to rule out even tougher restrictions in New Year Despite the eye-watering sums, business groups responded to the extension of both schemes in positive terms. OBR: April furlough extension will cost further £3bn British Chambers of Commerce Policy chief James Martin said the extensions would “provide much needed certainty and support that (will) protect jobs and livelihoods.”last_img

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