BCC calling for extension of furlough scheme

A new survey from the British Chambers of Commerce (BCC) has found that a quarter of UK businesses expect to lay off employees if the furlough is not extended beyond April. Three in every five firms have seen revenue fall in the last three months, while almost a third say they will run out of cash in the next quarter of the year. The BCC has called on the government to set out a clear roadmap for reopening and advancing vaccination plans, as well as extending financial support measures for businesses throughout 2021. Almost 2m people in the UK have not worked for more than six months during the COVID-19 pandemic. The report called on the chancellor, Rishi Sunak, to extend targeted sector support for industries hardest hit by the pandemic.

Read more: City AM


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