UK Finance Minister Rishi Sunak has recently wanted to withdraw his 'furlough scheme' employment assistance, but due to the recent surge in cases and restrictions, he now needs to provide more support to prevent higher unemployment.
Following the latest sanctions imposed by Prime Minister Boris Johnson, Sunak is now reported to be formulating new plans to protect jobs and save businesses in the country.
According to a statement issued to Parliament on Wednesday, the furlough scheme aimed at supporting jobs in the face of a pandemic crisis will be replaced by a salary subsidy program starting next month, The Telegraph reported.
According to a source from the UK government, Rishi Sunak is said to be announcing the change today.
However, with the continued increase in government spending, this means that the country's debt, which has exceeded £ 2 trillion this year, will also increase.
This certainly puts pressure on the government to balance the country's economy which has been exacerbated by the effects of Covid-19 and Brexit uncertainty.
