Rishi Sunak will extend the furlough scheme until the end of September and pledge to do “whatever it takes” to help people and businesses through the coronavirus crisis when he unveils his Budget.
The Chancellor is set to outline a three-point plan to support people through the coming months, rebuild the economy and fix the ravaged public finances in the wake of the pandemic.
In his statement to the House of Commons today, he will build on the £280bn package of support already given by the Treasury during the pandemic.
The Coronavirus Job Retention Scheme has protected more than 11 million jobs since its inception, but under plans to taper the UK Government’s contribution, employers will be expected to pay 10% towards the hours their staff do not work in July.
Their contribution will increase to 20% in August and September, as the economy reopens, but employees will continue to