Temporary, timely and targeted. Furlough has proved to be just one of these

As mark 1 gives way to mark 2, scheme has prevented return to dole queues of 1980s– for now

Temporary, timely and targeted. That was how Rishi Sunak described the government’s strategy for coping with the impact of Covid-19 when he gave his budget speech on 11 March.

Less than two weeks later the UK was in lockdown and the chancellor sought to deliver on his pledge with the Treasury’s job retention scheme, or the furlough as it has become known.

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