Furlough 2.0: Rishi Sunak draws up German-style scheme for the Treasury to subsidise workers' wages after Boris Johnson ditches back to work drive and business chiefs warn one million furloughed staff could be axed unless there is ANOTHER bailout | WHAT REALLY HAPPENED

Furlough 2.0: Rishi Sunak draws up German-style scheme for the Treasury to subsidise workers' wages after Boris Johnson ditches back to work drive and business chiefs warn one million furloughed staff could be axed unless there is ANOTHER bailout

Rishi Sunak is drawing up plans for a new German-style wage subsidy scheme to prop up the UK economy and avoid a wave of job losses when furlough comes to an end, it was claimed today.

The Chancellor is being urged by business chiefs to 'get around the table' and agree new job support measures after Boris Johnson ditched his back to work drive and imposed a range of new coronavirus restrictions.

Companies fear the new crackdown will deal a hammer blow to already struggling firms especially with the furlough programme closing at the end of October.

But reports suggest Mr Sunak is already planning a new scheme to prevent job losses after retail bosses warned that up to a million furloughed workers could be made redundant without another bailout.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA