Is Furlough 2.0 the wrong scheme at the wrong time?

Rishi Sunak has smashed the Treasury’s piggy bank again, defying the department’s usual caution on borrowing to ramp up the furlough scheme for the winter months. The Chancellor was forced into the decision by the resurgent pandemic, bringing back his initial policy to deal with lockdown, but there are growing signs that the blunt tool might not fully match the economy’s changing circumstances. “It has ended up an entirely necessary step to take, but it is a remarkable tu