UK to extend furlough scheme beyond December as BOE pumps in £150 billion – The Sun

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FILE PHOTO: FILE PHOTO: A sign is displayed outside the Bank of England in London, Britain August 4, 2016. REUTERS/Neil Hall/File Photo/File Photo

LONDON (Reuters) – British finance minister Rishi Sunak will promise to keep the government’s COVID-19 bailout schemes in place even after the lockdown ends on December 2, the Sun newspaper reported.

The newspaper said the Bank of England was expected to pump around 150 billion pounds worth of extra money into the economy. A BoE decision is due at 0700 GMT.

Sunak is expected to announce that the 80 per cent furlough scheme will continue to be on offer in any area of the UK that faces the highest level of Covid restrictions – including Tier 3 areas of England.

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