LONDON: A quarter of British businesses expect to fire staff if finance minister Rishi Sunak does not extend a job furlough programme that is due to expire at the end of April, the British Chambers of Commerce said on Thursday.
Sunak is due to deliver his annual budget on March 3 and has promised to provide more support for jobs hit by the coronavirus pandemic. But he is also mindful that COVID-related spending has already pushed Britain’s budget deficit to its highest since World War Two.
Britain entered a third national lockdown last month, which forced schools and most businesses to close their doors to the public, although staff can continue to work on site if there is no good alternative.
Official data released on Thursday showed 20% of private-sector employees were currently furloughed as of Feb. 11, up from 18% two weeks earlier, though below the 30% who were on leave during the first lockdown.
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