UK Chancellor Sunak extended the furlough scheme till the end of September as he vowed to protect "the jobs and livelihoods of the British people".
"We will continue doing whatever it takes to support the British people and businesses through this moment of crisis," Sunak said in his budget speech Wednesday. The Coronavirus Job Retention Scheme, or the furlough scheme, began last year to save jobs during the crisis triggered by the coronavirus pandemic. Sunak also said the Self-Employment Income Support Scheme will?continue with a fourth and a fifth grant.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.