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12 May 2020updated 06 Oct 2020 9:45am

Why the Chancellor’s risky revision of the furlough scheme relies on three economic assumptions

By Samuel Horti

Chancellor Rishi Sunak is expected to extend the government’s grant scheme for furloughed workers when he speaks in the House of Commons at 12:30pm today. This morning, New Statesman political editor Stephen Bush has written a piece about why the extension is a “major economic gamble”.

The decision is relying on three assumptions, he writes. “If any one of those bets doesn’t come off, the UK is looking at a big increase in personal misery, a further fall in overall demand, and potentially an even deeper recession.”

You can read about those assumptions in the full piece.

 

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