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U.K. Extends Wage Support and Business Loans to Aid Recovery

  • Government budget will take place on March 3, Rishi Sunak says
  • Furlough program extended to end April; loans to end March
Chancellor of the Exchequer Rishi Sunak announced measures to extend business loans and furlough wage support programs.

Chancellor of the Exchequer Rishi Sunak announced measures to extend business loans and furlough wage support programs.

Photographer: Darren Staples/Bloomberg
Updated on

The U.K. government announced it will extend a package of measures aimed at helping businesses and workers through the pandemic, with support for wages and loans to firms at risk of collapse.

In a series of statements on Thursday, Chancellor of the Exchequer Rishi Sunak set out his plan to extend the business loans and furlough wage support programs, and announced he will unveil the government’s tax and spending plans at a budget on March 3.