Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 6 November 2020 - Furlough scheme to last until March
Description: "Yesterday, the Bank of England and Treasury joined forces to provide support to the economy, and those most affected by the Coronavirus Pandemic.
Andrew Bailey, the Governor of the Bank of England announced that the Bank would increase the level of its purchases of Government debt from £300 billion to £450 billion.
Despite his own concerns over the level of borrowing needed to fund an extension, Chancellor Rishi Sunak announced in Parliament that the furlough scheme under which the Government funds 80% of the wages of those furloughed would now last until next March.
"
Beyond Currency Market Commentary:
Aims to provide deep insights in...