Continue reading
How furlough schemes could change bank investments
Around the world, governmental stimulus packages have bolstered against the immediate economic effects of coronavirus but when they inevitably finish, banks may come under pressure despite some showing impressive agility in adapting to COVID-19, writes Daniel Lanyon.
Amid the long hot August heatwave the UK’s ‘Eat out to help Out’ scheme got off to a cheery start in its first seven days with people taking advantage more than 10.5 million times to eat in a restaurant.
No doubt some of those millions of diners enjoying a discounted restaurant bill on Chancellor Rishi Sunak will be among the 9.6 million UK citizens, about 30 per cent of the workforce, who have been the beneficiary of another flagship coronavirus scheme: furloughing.