"The end of the Government’s furlough scheme at the end of this month is coming under question as the number of workers furloughed remains around 1.75 million.
Most of those still furloughed are working some hours, but there is a growing feeling that the end of the scheme will mean many businesses in the SME sector will be unable to remain viable, since they are still not producing sufficient cash flow to enable them to continue to trade.
The calls are for a more gradual window. There has already been a single cut from 80% of the worker’s wages to 60% and Trades Union Representatives are calling for a further cut to allow businesses to catch up with themselves, before the scheme is removed completely.
The end of the Government’s furlough scheme at the end of this month is coming under question as the number of workers furloughed remains around 1.75 million.
Chancellor of the Exchequer Rishi Sunak will have done his sums based upon an end to the scheme on September 30th and an extension would mean the ONS having to recalculate the effect and Sunak’s budget due for delivery in January would have to be completely recalculated.
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