How a new and improved furlough scheme could help the UK tackle recession and economic uncertainty

Pandemic-era government support allowed companies to furlough employees while keeping them on the payroll. ImageFlow / Shutterstock

The UK economy is on the brink of a recession while also experiencing weeks of financial volatility following the launch of the government’s unfunded growth plan last month.

The government’s strategy aims to boost growth over the medium to long term, but households and businesses are already suffering from soaring bills and an uncertain economic outlook.