{"id":74350,"date":"2020-09-24T17:15:00","date_gmt":"2020-09-24T14:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pound-nudges-higher-as-sunak-rolls-out-successor-to-furlough-program\/"},"modified":"2020-09-24T17:15:00","modified_gmt":"2020-09-24T14:15:00","slug":"pound-nudges-higher-as-sunak-rolls-out-successor-to-furlough-program","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pound-nudges-higher-as-sunak-rolls-out-successor-to-furlough-program\/","title":{"rendered":"#\n  Pound nudges higher as Sunak rolls out successor to furlough program"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3bf379e936c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3bf379e936c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/pound-nudges-higher-as-sunak-rolls-out-successor-to-furlough-program\/#A_video_grab_from_footage_broadcast_by_the_UK_Parliaments_Parliamentary_Recording_Unit_shows_Chancellor_of_the_Exchequer_Rishi_Sunak_speaking_as_he_presents_his_Winter_Economy_Plan_in_the_House_of_Commons_in_London_on_September_24_2020\" >A video grab from footage broadcast by the U.K. Parliament&#8217;s Parliamentary Recording Unit shows Chancellor of the Exchequer Rishi Sunak speaking as he presents his Winter Economy Plan in the House of Commons in London on September 24, 2020.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/pound-nudges-higher-as-sunak-rolls-out-successor-to-furlough-program\/#Steve_Goldstein\" >Steve Goldstein<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Pound nudges higher as Sunak rolls out successor to furlough program<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000019421\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:47.8125%;\" data-mobile-ratio=\"47.8125%\" data-layout-ratio=\"47.8125%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-235963?width=140&amp;size=2.0915032679738563 140w,\nhttps:\/\/images.mktw.net\/im-235963?width=540&amp;size=2.0915032679738563 540w,\nhttps:\/\/images.mktw.net\/im-235963?width=620&amp;size=2.0915032679738563 620w,\nhttps:\/\/images.mktw.net\/im-235963?width=700&amp;size=2.0915032679738563 700w,\nhttps:\/\/images.mktw.net\/im-235963?width=860&amp;size=2.0915032679738563 860w,\nhttps:\/\/images.mktw.net\/im-235963?width=1260&amp;size=2.0915032679738563 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-235963?width=620&amp;size=2.0915032679738563\" data-enlarge=\"https:\/\/images.mktw.net\/im-235963?width=1260&amp;size=2.0915032679738563\" alt=\"\" title=\"A video grab from footage broadcast by the U.K. Parliament's Parliamentary Recording Unit shows Chancellor...\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"A_video_grab_from_footage_broadcast_by_the_UK_Parliaments_Parliamentary_Recording_Unit_shows_Chancellor_of_the_Exchequer_Rishi_Sunak_speaking_as_he_presents_his_Winter_Economy_Plan_in_the_House_of_Commons_in_London_on_September_24_2020\"><\/span>A video grab from footage broadcast by the U.K. Parliament&#8217;s Parliamentary Recording Unit shows Chancellor of the Exchequer Rishi Sunak speaking as he presents his Winter Economy Plan in the House of Commons in London on September 24, 2020. <span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            -\/Agence France-Presse\/Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       The pound edged higher on Thursday as Chancellor Rishi Sunak rolled out the successor to the expiring job furlough program.<\/p>\n<p> The pound<br \/>\n        GBPUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210561263\/realtime\/sampled\" class=\"positive\">+0.07%<\/bg-quote><br \/>\n       traded at $1.2733 vs. $1.2726 on Wednesday as the successor program had been expected, particularly in light of the new restrictions imposed in England as well as the other nations of the U.K. in response to rising coronavirus infections. It will replace the Coronavirus Jobs Retention Scheme, which covered the majority of salary for fully furloughed staff.<\/p>\n<div class=\"paywall\">\n       From November, the U.K. will subsidize by 22% the pay of employees working at least 33% of their normal hours, so that they receive at least 77% of their normal pay. This program will run for six months.<\/p>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetDynamic\n          inline\n    scope-web|mobileapps\n  article__inset\n        article__inset--type-InsetDynamic\n          article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<style>\n        iframe.twitter-tweet {\n            width: 100% !important;\n        }\n    <\/style>\n<blockquote class=\"twitter-tweet\" lang=\"en\"><p>\n        <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/hmtreasury\/status\/1309085916678500355\"><\/a>\n        <\/p><\/blockquote>\n<p>    <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p><\/div>\n<p>       Sunak also rolled out a program for the self-employed, and extended a value-added tax cut for the tourism and hospitality sectors.<\/p>\n<p>\u201cThe [Job Support Scheme] <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be a decent compromise in the sense that it transfers some of the costs from government to firms with enough flexibility for firms to choose their staffing levels. This should limit the rise in unemployment towards the end of the year, which we previously though would roughly double to 2.8 million. But of course there is no cost-free, magic bullet to prevent joblessness rising from current levels,\u201d said Philip Shaw, chief economist for Investec in London.<\/p>\n<p>The broader FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"negative\">-0.89%<\/bg-quote><br \/>\n       slipped 1% after a bleak end to Wall Street trading on Wednesday, where traders have now largely given up on the prospect of a second U.S. stimulus package.<\/p>\n<p>Smiths Group<br \/>\n        SMIN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208640940\/delayed\" class=\"negative\">-6.28%<\/bg-quote><br \/>\n       shares dropped 8%. The U.K. engineering group reinstated its dividend as its pretax profit from continuing operations slumped due to the planned separation of Smiths Medical, as well as \u00a324 million in write-downs.<\/p>\n<p>Outside the FTSE 100, Pets At Home<br \/>\n        PETS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200736034\/delayed\" class=\"positive\">+26.47%<\/bg-quote><br \/>\n       shares rose 22% as the U.K. pet supplies retailer said underlying pretax profits would be ahead of the \u00a373 million pound consensus. It said it had double-digit like-for-like sales growth through the eight weeks to Sept. 10.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Steve Goldstein\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Steve_Goldstein\"><\/span>Steve Goldstein<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D4BDDC91AAF8%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Pound nudges higher as Sunak rolls out successor to furlough program &#8221; A video grab from footage broadcast by the U.K. Parliament&#8217;s Parliamentary Recording Unit shows Chancellor of the Exchequer Rishi Sunak speaking as he presents his Winter Economy Plan in the House of Commons in London on September 24, 2020. -\/Agence France-Presse\/Getty Images&#8230;<\/p>\n","protected":false},"author":1,"featured_media":74351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-74350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/74350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=74350"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/74350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/74351"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=74350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=74350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=74350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}