Furloughing risks leaving the UK with no fuel left in its economic tank

Written By John Longworth

The Chancellor is right to question the sustainability of the furloughing scheme. In each and every conversation I have with the members of our business network, I hear the same message echoed: the government is borrowing and spending far beyond its capacity.

Although well-intentioned, the scheme was ill-conceived in the first place, in a typical Treasury mandarin approach, representing a lack of understanding of anything outside the Square Mile. 

On Friday, we celebrate VE Day. Following World War 2 we had fifteen years of austerity and public sector investment as crippling war debt led a bankrupt country to privation and rationing right up until 1957.

Read More Over At The Telegraph


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