ADPL: Business Insider - June 2020 Key business topics this month

RELIEF AS SUNAK EXTENDS FURLOUGH SCHEME UNTIL THE END OF OCTOBER

Bodies representing UK businesses have described their relief after the job retention scheme was extended until 31 October.

Chancellor Rishi Sunak said the Government will continue to pay the wages of workers on leave because of coronavirus.

BUSINESSES CLAIM BILLIONS IN STATE SUPPORT TO EASE CASHFLOW FEARS

UK businesses have claimed more than £22 billion in Government loans and guarantees to support their cashflow during the coronavirus crisis.

CORONAVIRUS IMPACT PLACES THE UK ECONOMY INTO ‘SIGNIFICANT RECESSION’

The UK is likely to be in the deepest economic recession since records began, after gross domestic product (GDP) contracted by 5.8% in March 2020.

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