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Furlough scheme 'to be wound down as it's not sustainable'

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The government's furlough scheme designed to help employers and employees during the coronavrius pandemic is 'to be wound down'.

The scheme, which pays up to 80% of companies staff salaries, has been described as not 'sustainable' in the longer term by Chancellor Rishi Sunak.

This is because the cost of the scheme so far has been £8billion with 6.3 million workers having the majority of their pay from the government.

Speaking to ITV News, Mr Sunak said there would be no "cliff-edge" cut off to the furlough scheme, which was initially set up with a time frame until end of June.

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