Rishi Sunak ruled out plans for a further extension of the Coronavirus Job Retention Scheme. The Chancellor the Exchequer was asked about the end date for furlough during a LinkedIn broadcast.
“Furlough, we put in place a year ago, our plan for jobs. Everything I see, shows me that the plan is working,” he said.
“Furlough we know has helped save millions of jobs, people have described it as a lifeline, a Godsend.”
He added: “The jobs numbers are heading in the right direction.
“Unemployment is forecast to be so much lower than we thought, when we were fearing the absolute worst.
“There are no plans to extend furlough, it will have run for a year and a half.
“We made the decision back in March to extend it, quite comprehensively and generously, all the way through to the Autumn. Most people thought, gosh that was a bit long, but I thought it was the right thing to do to give businesses that certainty.
“I am confident that with the pace of the economic reopening and people’s hiring intentions, the vast majority of people will be able to come back to work.
“But not everyone will be able to… I said at the start I wouldn’t be able to save every job, I don’t think any Chancellor could.”