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Podcast: Beyond Currency
Episode: 26 February 2021 - Furlough payment to be replaced by unemployment benefit
Description: "The UK’s controversial Universal Credit payment which lumps several benefits into one is likely to be increased for the rest of the year as unemployment is set to climb towards a high close to 8%.
The latest data showed that unemployment rose to 5.1% from 5%, but the real test will come as firms that relied on their staff being paid by the Government find cashflow impossible to manage and either close or drastically reduce their workforce.
The budget that will be delivered by the Chancellor next week will be a delicate balancing act between not just support and regaining control of th...