UK extends government furlough scheme until October - 'with changes' from July

Yahoo
Tue, 12 May 2020 17:00 UTC

The Government's furlough scheme will be extended to the end of October but with changes from the end of July to share the burden of paying salaries with employers, Chancellor Rishi Sunak told MPs.

Comment: Like most countries that chose the lockdown farce the UK is left with little choice but to delay the inevitable by providing a stipend to the soaring soon-to-be unemployed and the numerous small and medium businesses nearing bankruptcy - although, in the end, this scheme is all at the taxpayers expense and harsher austerity measures will be used to pay for it:

• UK banks preparing for "severe" recession, profits at Lloyds bank crash by 95%
• UK's former chancellor indicates more austerity will be needed to pay off the 'very large' lockdown debt
• UK benefit claimant sanctioned for not finding a job during lockdown, amidst soaring mass unemployment