Economics
U.K. End to Pandemic Aid Pushes Employers to Adapt or Fade Away
- Furlough end helps restructuring but may cost millions of jobs
- Companies relying on social events among those suffering most
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The U.K. is entering a critical phase in the coronavirus crisis that could shape the future of its economy long after the pandemic is gone.
Employers are anxiously awaiting to see whether mounting pressure on Chancellor of the Exchequer Rishi Sunak will force him to reverse course on plans to phase out wage-support programs. That would echo a proposal this week by Germany, where the finance minister wants to extend support to 24 months.