Rolling coverage of the latest economic and financial news, as investors hope that a drug developed by American firm Gilead Sciences could treat Covid-19Coronavirus: world’s biggest trial of drug to treat Covid-19 begins in UK 3.01pm BST Commenting on the decision to extend the furlough scheme, Chancellor Rishi Sunak said:With the extension of the coronavirus lockdown measures yesterday, it is the right decision to extend the furlough scheme for a month to the end of June to provide clarity.It is vital for people’s livelihoods that the UK economy gets up and running again when it is safe to do so, and I will continue to review the scheme so it is supporting our recovery. 2.56pm BST The Treasury has announced the extension of the UK’s job furlough scheme, which will now run an extra month until the end of June to “reflect continuing social distancing measures”The scheme, which allows firms to keep employees on the payroll with the government paying cash grants covering 80% of their wages up to £2,500, was originally set for a three month period between March and the end of May. Continue reading…
Via: Stocks jump as US drugmaker Gilead raises hopes of Covid-19 treatment – business live
Categories: English News