U.K. Plans End of Furlough Support

The transcript discusses the importance of the furlough scheme for UK businesses, emphasizing the need for continued support to avoid a 'Cliff edge' scenario. It highlights the challenges faced by sectors like retail and hospitality in reopening and debates the merits of sector-specific versus generalized support. Safety and liability concerns for businesses are addressed, along with the procurement of PPE. The potential for permanent changes in business operations, such as increased remote work and reduced office space, is also explored.

Why is it important to avoid a 'cliff edge' in the withdrawal of the furlough scheme?

• To allow businesses to adjust gradually and safely

• To prevent businesses from having any financial support

• To ensure businesses can reopen at the same pace

• To encourage businesses to close permanently

Which sectors are mentioned as facing significant reopening challenges?

• Education and healthcare

• Manufacturing and agriculture

• Retail, hospitality, and tourism

• Technology and finance

What is a potential consequence of withdrawing support unevenly across sectors?

• Increased employment rates

• Stability in all business sectors

• Collapse of entire supply chains

• Rapid economic growth

What alternative to a sectoral approach is suggested for supporting businesses?

• Increasing taxes on businesses

• Part-time or short-time working schemes

• Complete withdrawal of all support

• Providing support only to large corporations

Which countries are mentioned as having successful workplace income support schemes?

• France and Italy

• Spain and Portugal

• Republic of Ireland and Germany

• United States and Canada

What is a major concern for businesses regarding the return to work?

• Lack of interest from employees

• Overstaffing issues

• Liability if employees fall ill

• Excessive profits

What permanent change might businesses consider post-pandemic?

• Expanding into new markets

• Hiring more employees

• Canceling leases and reducing fixed costs

• Increasing office space