Chancellor: There is hardship ahead for many people as furlough ends

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Chancellor: There is hardship ahead for many people as furlough ends
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The chancellor has warned there is hardship ahead for many people as the furlough scheme winds down over the next few months

since the UK lockdown began on 23 March, according to figures recorded by Sky News.

"This is what we need to do now, it's to look forward, provide the opportunities for tomorrow. Yes, there is hardship ahead for many people, we know that, but they shouldn't be left without hope."Sky's business presenter Ian King said the chancellor's words on the furlough scheme were not surprising, describing the"damage done to the public finances" as"far in excess of anything we saw in the aftermath of the financial crisis".

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