I know everyone is distracted by the USA but Rishi Sunak extending the entire 80% furlough to the spring is a huge U-turn - even by the standards of this, the *government of the U-turns* - and a reminder of the grim winter prognosis
here’s the @ft story - it’s hard to think of an economic statement that has been as comprehensively ripped to shreds as Sunak’s September “winter economy plan”
ft.com/content/8f9371…
ft.com/content/8f9371…
- first (September announcement) it was 22% state support for furloughed jobs
- then they added 67% for furloughed staff in Tier 3
- then (late October) overall scheme became 62% of hours not worked
- then it was 80% for 1-month November lockdown
- now it’s 80% for six months
- then they added 67% for furloughed staff in Tier 3
- then (late October) overall scheme became 62% of hours not worked
- then it was 80% for 1-month November lockdown
- now it’s 80% for six months
there will now be questions about why they couldn’t afford the extra £5m that @AndyBurnhamGM asked for
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