Coronavirus UK news – Furlough scheme to be EXTENDED with £150million boost as 2nd national lockdown starts TODAY

2 weeks ago 2

CHANCELLOR Rishi Sunak is poised to extend the furlough scheme past December 2, the day when the second lockdown is due to end.

Bank of England bosses are also expected to pump a massive £150billion of extra money into the economy.

Sources told The Sun that the Bank of England is planning a much bigger programme of quantitative easing than the £100 billion cash injection that it was expected to announce when it gives its latest policy update at 7am tomorrow morning. 

The Sun understands it is likely to be around £150 billion - but could be as high as £200 billion.

Mr Sunak will lay out how the furlough scheme, which was extended until December 2 to pay 80 per cent of wages, will continue to be on offer for future lockdowns in Scotland, Wales and Northern Ireland - even if the measures aren’t replicated in England. 

And he is also expected to announce that the 80 per cent wage subsidy scheme will be on offer for specific regions hit by Covid restrictions. 

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