The government’s furlough scheme has prevented the UK economy from being engulfed by a tsunami-like first wave of unemployment. But a second wave will probably come once the reduction in the generosity of the scheme in August forces businesses to decide if they want to keep their employees. That’s one reason why the economic recovery from the coronavirus crisis will probably disappoint.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.