Furlough 'must be extended' to avoid mass unemployment, say MPs
But the committee's chairman, Mel Stride, said the chancellor"should carefully consider targeted extensions" to the scheme.
The Federation of Small Businesses trade body said with the furlough scheme winding down,"policymakers will need to look closely at measures to stem mass unemployment, including a successor scheme." Torsten Bell, the think tank's chief executive, said:"This authoritative account of the economic impact of coronavirus should be required reading for Treasury officials planning the Autumn Budget against the highly uncertain backdrop of rising coronavirus case numbers.
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