The Government will continue to spend billions of pounds on the furlough scheme, paying the salaries of millions of workers for months to come. The Chancellor Rishi Sunak has promised to protect the jobs of those furloughed by their employers until October.
Mr Sunak said the scheme, introduced to prevent mass redundancies, will need to adapt as the economy reopens. Employers will have to contribute around 5% of salaries from August , rising to just over 20%, before the scheme stops at the end of October.
The programme currently supports more than 8.5 million employees, with people able to go back to work part-time from July. The Chancellor also pledged to extend support for the 2.5 million self-employed who now receive grants until August. The estimated cost of both schemes, stands at around a £100 billion.
Clive Myrie presents BBC News at Ten reports from Economics Editor Faisal Islam and Chief Political Correspondent Vicki Young.
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In This Story: Islam
Islam is an Abrahamic monotheistic religion teaching that Muhammad is the final and ultimate messenger of God. It is the world’s second-largest religion with 1.8 billion followers or 24.1% of the world’s population, known as Muslims. Muslims make up a majority of the population in 49 countries.
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In This Story: Rishi Sunak
Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.
His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.
Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.