UK to extend furlough scheme beyond December as Bank of England pumps in £150 billion

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It is expected the Chancellor of the Exchequer, Rishi Sunak will announce the Government’s COVID-19 bailout scheme will stay in place even after the lockdown ends on December 2.

Reports suggest the Bank of England will pump around 150 billion pounds worth of extra funding into the economy.

Chancellor Sunak is expected to announce that the 80 per cent furlough scheme will continue to be on offer in any area of the UK that faces the highest level of Covid restrictions – including Tier 3 areas of England.

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