As Scotland enters its new tiered system of restrictions today, England is getting prepared to dump it. Boris Johnson’s Saturday announcement of a four-week national lockdown, only for England, came about six weeks after his SAGE advisors had argued for a two-week circuit-breaker lockdown and he offered up the tiered system. What a mess.  The […]

A second lockdown will be very different


Chancellor Rishi Sunak is hoping its third time lucky with his latest post-furlough scheme plans. First he argued that no replacement for the furlough scheme was needed on 1 November. Then, as pressure grew, at the end of September he proposed a “Job Support Scheme”, which was more like an unemployment creation scheme. Now, the original […]

Third time lucky? Sunak’s latest attempt to replace Furlough



The title of what Chancellor Rishi Sunak announced yesterday, ‘Job Support Scheme’, flatters to deceive. The key thing to be aware of is that employers are being asked to pay one-third of the topping up of a worker’s wage who has been moved from full-time to part-time hours, which many of them are not going […]

Sunak’s ‘Job Support Scheme’ is a deception


Are you a ‘Kurzarbeit’ or a ‘chômage partiel’ person? UK Chancellor Rishi Sunak will make an important statement to the House of Commons this afternoon about what will replace the furlough scheme at the end of October, with debate rife about whether German or French models will be preferred, or something completely different altogether.  The Kurzarbeit […]

Beyond furlough



Some good news – kind of. The Royal Bank of Scotland’s latest Purchasing Managers’ Index report suggests things are starting to get built and sold again. A PMI rate above 50 suggests activity is expanding rather than contracting, and Scotland’s August PMI was 55.8, ahead of Northern Ireland and Wales but behind all English regions. […]

Scotland’s looming financial storm