Economics

Demand for furlough scheme slows as lockdown eases

Takeup of Sunak’s emergency loan schemes, under which the government will guarantee a certain percentage of loans to ailing businesses, also appears to be easing off

The government’s coronavirus furloughing scheme for staving off mass redundancies during lockdown has seen uptake slow over the past week.

Roughly 8.9m people had drawn on the job retention scheme as of 7 June, up some 200,000 since 31 May. That jump in usage is the smallest increase since 23 April, when data on the scheme was first released.

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