Furloughed workers at risk of redundancy received a boost as the Government's Job Retention Scheme was extended. Business leaders feared thousands of staff may be warned they could be made redundant on Monday unless the Government's furlough scheme was rapidly extended.
Large businesses could have had to start consulting on sweeping layoffs under rules that force them to begin the process a month and a half before making staff redundant.
The Government's furlough scheme was set to come to an end on May 31. But Chancellor Rishi Sunak extended it by a month, meaning it is open until the end of June – providing businesses with the certainty they need.