Coronavirus lockdown: The longterm effects on the UK economy
UK Prime Minister Boris Johnson is to announce plans to restart the economy and ease coronavirus lockdown restrictions. But how do you reboot an economy, when the government is paying the wages of more than six million citizens? Subscribe to our channel here: https://goo.gl/31Q53F
The government is now paying the wages for nearly a quarter of UK jobs under its furlough programme.
The scheme is designed to help people put on leave due to the coronavirus pandemic.
There have been more than 6.3 million claims - equal to 23% of the employed workforce.
So what happens when lockdown restrictions end and the furlough scheme comes to and end? What does unemployment look like for the rest of 2020 and will the government still continue its election promise of levelling up?
Business Editor Helen Thomas reports.
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