Live coverage of Chancellor Rishi Sunak’s press conference on new work subsidy scheme


Rishi Sunak addressed the House of Commons today to outline his plans on replacing the furlough scheme once it ends in October.

The Chancellor – who cancelled this year’s budget to focus on the impact the pandemic is having on the economy – announced new financial measures to support individuals and businesses.

His ‘Winter Economy Plan’ also includes VAT cuts, loans for hardest-hit businesses and wage subsidies.

It will see the Government and firms share the cost of topping up wages for employees who are only able to work part-time due to the pandemic.

Mr Sunak is set to hold a press conference from Downing Street to discuss the measures announced earlier today.

Live updates will appear below from 3pm.

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