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John Simpson

Magic money tree does exist ... funding to encourage people back into employment is the preferred option

John Simpson


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Support: funding to encourage people back into employment should be preferred

Support: funding to encourage people back into employment should be preferred

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Support: funding to encourage people back into employment should be preferred

The Northern Ireland Executive has told the Chancellor of the Exchequer that it would like to see an extension of the furlough wages subsidy, created as a response to the pandemic.

The Chancellor has said that he and the UK Government are very reluctant to simply extend a scheme that, in terms of fiscal impact, is adding an exceptionally large amount to the UK borrowing requirement.

The furlough scheme, initially paying up to 80% of employee's normal earnings, was unique.