Analysis: What does the job support scheme mean for retail?

Rishi Sunak

Source: Number 10

From November 1, the new government job support scheme comes into effect. How will it affect retail and is it enough to stem the flow of redundancies that have afflicted the industry?

After seven months of operation, the government’s job retention scheme, more commonly known as the furlough scheme, comes to a conclusion at the end of October.

While the coronavirus pandemic continues to impact the UK, which has now fallen into recession, some have argued that the government should still offer businesses a lifeline to help them retain employees and stay afloat.

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