Chancellor extends UK furlough scheme until end of October

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Rishi Sunak says programme will run for further four months as coronavirus crisis continues

The chancellor has extended the government’s coronavirus wage subsidy scheme for workers until the end of October despite its spiralling cost, as he attempts to prevent a wave of job losses in the summer.

In a surprise move that underlines the likely duration of the economic crisis, Rishi Sunak said the unprecedented scheme would continue until the autumn, despite its eye-watering cost.

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