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.