Coronavirus Northern Ireland: Tapering of furlough scheme “premature” | Latest Newry News, Newry Sport and Newry Business for Newry City

Coronavirus Northern Ireland: Tapering of furlough scheme “premature”

Finance Minister Conor Murphy has said the announcement from Chancellor Rishi Sunak that the British government’s tapering of the Job Retention Scheme is “premature given our circumstances”.

Speaking to Newry Times, Minister Murphy said, “The economic priority during this public health crisis is to protect jobs and the effort that has gone into this to date has been commendable.

 

 

“The economic recovery is still in its infancy and it will be some time before businesses are back to their pre-pandemic trading level.

“While I welcome the extension of the self-employment scheme the tapering of the job retention scheme from August is premature.

 

 

“I am concerned it could lead to redundancies, particularly in the hardest-hit industries such as hospitality, retail and leisure.

“I will be raising these issues with Treasury and stressing the need to protect jobs and livelihoods,” he added.

 

 

 

Keep up to date with all the latest Northern Ireland Coronavirus / Covid-19 news HERE

 

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Posted by on Jun 1 2020. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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