The statutory wage should be increased and therefore the furlough scheme extended on a versatile basis, new research suggests.
Doing so would better manage a “crude” trade-off between lives and livelihoods because the UK economy reopens.
These are two of the recommendations during a new report from the Royal Society .
It says economic and health data should be combined to supply the simplest economic outcome at the littlest loss of life. The government says it’s already protected 9.6 million jobs.
The report is published each day after data showed the United kingdom suffered the most important economic hit of the world’s richest nations between April and June while also incurring the very best number of excess deaths so far in Europe.
It argues that because the furlough scheme – which has supported the wages of 9.6 million workers – is phased out, statutory wage of £95.85 every week may be a major disincentive for workers to self-isolate.