Britain faces a grim winter as Rishi Sunak warned of a jobs bloodbath and “tough choices” would follow his emergency Covid-19 economic plan.
Experts have warned “a lot” of people on the current furlough scheme could lose their jobs when the scheme ends. And the new offer is much less generous than furlough - or as Mr Sunak put it in a press conference today, “more targeted.” The new measures will see an end to furlough, were the government paid 70% of the salaries of some workers to stop firms folding.
Instead, the government will pay just 22% of normal wages for employees who return to work part-time. Companies will be expected to pay 55% of the normal salary - despite employees only working for a third of their normal hours.