No 'cliff edge' and housing market 'kick-started'

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No 'cliff edge' and housing market 'kick-started'
United Kingdom Latest News,United Kingdom Headlines
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Newspaper headlines: No 'cliff edge' and housing market 'kick-started'

Most of the papers lead on the announcement by the chancellor, Rishi Sunak, that the government's job retention scheme will be extended until the end of October. The Financial Times reports that the cost of the initiative - where employees on leave receive 80% of their monthly wages up to £2,500 - could reach £80bn.

The paper says it has seen a confidential Treasury document which sets out a proposed package of tax increases and spending reductions that may have to be announced within weeks to “enhance credibility and boost investor confidence” in the economy.Thousands of people will return to work on Wednesday as fears grow over the risk to jobs and health, the Daily Mirror reports. The paper says there are concerns a lack of social distancing at work and on public transport could re-spread the virus.

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