Rishi Sunak preparing to wind down furlough scheme from July
UK chancellor set to scale back job retention measure as coronavirus lockdown eases
The chancellor, Rishi Sunak, is preparing to wind down the coronavirus wage-subsidy scheme for workers from July as part of government plans to gradually remove lockdown measures.
In a sign of the mounting costs to the exchequer with almost a quarter of employees in Britain furloughed in the past fortnight, the chancellor is expected to announce that the Covid-19 job retention scheme will be steadily scaled back as restrictions on business activity are lifted.
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