Business secretary Kwasi Kwarteng confirmed on Tuesday (2 March) that an extension to the furlough scheme would feature in the chancellor’s address.
Sunak will detail his fiscal plans for the coming year, and additional coronavirus support, in the Commons at lunchtime. He will also break with tradition and host a Budget press conference later on Wednesday.
The furlough scheme, introduced last April, pays 80% of employees’ wages for hours they aren’t able to work owing to the effects of the pandemic.