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.
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