Chancellor Rishi Sunak has confirmed he will cancel the 2020 budget and rush forward plans to replace the furlough job retention scheme.

Sunak is reported to be weighing up plans to replace the furlough scheme with German-style wage subsidies as part of a wider emergency support package to help businesses.

It comes as hundreds of students across Scotland have been told to self-isolate after a number of outbreaks at University halls.

At least 124 students staying at the University of Glasgow halls of residence have tested positive for coronavirus.

The uni has identified two ‘significant’ clusters of cases at the Murano Street and Cairncross sites, which are believed to be linked to freshers’ week events.

Meanwhile, in Aberdeen all 72 students at the Wavell House in the Hillhead halls of residence in the Granite City will have to self-isolate for two week.

And in Dundee, 500 students are self-isolating after a positive case was confirmed at Abertay University.

The First Minister called on undergraduates who have recently moved into shared accommodation to follow rules on social distancing and to isolate if they believe they have the virus.

Cases across the country have increased over the last two weeks as different parts of the economy open up for the first time since late March when the pandemic hit the UK.

Over the previous 24-hour period, a record 486 new cases of the deadly virus were identified in Scotland and two people died.

Chancellor Rishi Sunak will unveil his multi-billion pound “winter economy plan” to the Commons at 12.30pm, cancelling the budget and announcing a new wage-subsidy scheme that he hopes will stave off mass unemployment at Christmas.

You can watch coverage of the House of Commons on the parliament TV channel on BBC iPlayer here.

A budget was due in November but the uncertainty of covid makes it difficult to plan.

But the end of furlough wage support scheme at the end of October combined with this week’s announcement of Lockdown II, restrictions that will last six months, left the Treasury under tremendous pressure to say what will replace the scheme that has supported the wages of nine million workers.

It’s understood three workers from escort firm GEOAmey have tested positive with as many as 60 waiting for test results back.

At least 124 students staying at the University of Glasgow halls of residence have tested positive for coronavirus.

The uni have identified two ‘significant’ clusters of cases at the Murano Street and Cairncross sites, which are believed to be linked to freshers’ week events.

Chancellor Rishi Sunak has confirmed he will cancel the 2020 budget and rush forward plans to replace the furlough job retention scheme.

The move came as Labour leader Keir Starmer ramped up calls for a plan B for the coronavirus economy, and the SNP made demands in the Commons for the jobs retention scheme to be extended.

Sunak is reported to be weighing up plans to replace the furlough scheme with German-style wage subsidies as part of a wider emergency support package to help businesses through a second wave of Covid-19.

The First Minister will give an update this afternoon on the key statistics in the Scottish Parliament during First Minister’s Questions.

You can follow us live throughout the day for all the latest updates as Chancellor Rishi Sunak will give a budget announcement in the Commons later.

Source: https://news.google.com/__i/rss/rd/articles/CBMiYWh0dHBzOi8vd3d3LmRhaWx5cmVjb3JkLmNvLnVrL25ld3Mvc2NvdHRpc2gtbmV3cy9uaWNvbGEtc3R1cmdlb24tY29yb25hdmlydXMtdXBkYXRlLWxpdmUtMjI3MzM3MzbSAWVodHRwczovL3d3dy5kYWlseXJlY29yZC5jby51ay9uZXdzL3Njb3R0aXNoLW5ld3Mvbmljb2xhLXN0dXJnZW9uLWNvcm9uYXZpcnVzLXVwZGF0ZS1saXZlLTIyNzMzNzM2LmFtcA?oc=5

News – Nicola Sturgeon coronavirus LIVE as furlough replacement plan to be announced