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Wages could be ‘topped up’ when furlough ends in German-style scheme
Sep 23, 2020
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Rishi Sunak is reportedly considering replacing the furlough scheme with German-style wage subsidies to help businesses in the UK.
As the furlough scheme is set to end on October 31, there are concerns companies may start cutting jobs as the country prepares for a second wave of the coronavirus pandemic.
The chancellor was set to announce an extension of Government-backed loan schemes for those struggling – but according to sources he decided to delay it at the last minute.
The sources say he is using the delay to draw up a wider support package after Boris Johnson announced tougher new lockdown measures yesterday.
It is thought one of the parts of the support package he is considering is a longer-term replacement for the furlough scheme.
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Foreign secretary Dominic Raab told Sky News this morning: ‘We’ve saved 12 million jobs, we’ve got the job retention bonus and kickstart scheme, but I don’t think the chancellor is minded to wholesale extend the furlough scheme.
‘We are looking at targeted measures and keeping them constantly under review, and we’ve done a great job at keeping those jobs and those businesses alive through the peak of the crisis and of course, we want to keep afloat as many of them as possible.
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