Ten Things You Need to Know Today: Tuesday 5 May 2020

1. Nearly one in four UK workers furloughed in a fortnight

Nearly 25% of employees in Britain have been furloughed in the past two weeks, newly released figures from HMRC show. A total of 6.3 million workers have now been temporarily laid off by 800,000 companies, with claims amounting to £8bn by 3 May. Chancellor Rishi Sunak has sounded a cautionary note, warning that the steep cost of the coronavirus job retention scheme (CJRS) is “not sustainable”.

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