LONDON, Nov 5 (Reuters) - British finance minister Rishi Sunak will promise to keep the government’s COVID-19 bailout schemes in place even after the lockdown ends on December 2, the Sun newspaper reported.
The newspaper said the Bank of England was expected to pump around 150 billion pounds ($194 billion) worth of extra money into the economy. A BoE decision is due at 0700 GMT.
Sunak is expected to announce that the 80 per cent furlough scheme will continue to be on offer in any area of the UK that faces the highest level of Covid restrictions - including Tier 3 areas of England. ($1 = 0.7723 pounds) (Reporting by Guy Faulconbridge; editing by Kate Holton)
Our Standards: The Thomson Reuters Trust Principles.