bbc.com (07.11.2020) As part of the announcement of month-long restrictions in England, including the closure of pubs, restaurants, gyms and non-essential shops, furlough was initially extended until December. But Chancellor Rishi Sunak has now said it will run until the end of March, although the government will review the policy in January.
British Politics and Policy at LSE (03.11.2020) Jonathan Wadsworth explains why the furlough scheme seems to have done its job in preventing mass layoffs, as well as other reasons why the total entering unemployment is still much lower than in the 2008-2011 downturn.
The Guardian (24.09.2020) The chancellor, Rishi Sunak, has announced a replacement for the coronavirus job retention scheme based on a German-style system of wage subsidies. Faced with the prospect of rising job losses this autumn when furlough closes at the end of October, and tougher restrictions on the economy as the pandemic worsens, the “job support scheme” forms the backbone of his winter economy plan.
The government will contribute towards the wages of employees who are working fewer than normal hours, and will cover 22% of worker pay for six months.