Bloomberg Rishi Sunak will extend furlough payments to UK workers until the end of September, protecting millions of people whose jobs were suspended during the coronavirus pandemic until after restrictions are set to be lifted. With the nation mired in a third lockdown, the government will keep paying 80% of wages for those in the program through the end of ...

Bloomberg Italy’s new government may soon seek parliamentary approval for more stimulus spending as a sluggish vaccination campaign and new coronavirus strains extend the nation’s reliance on fiscal support. Prime Minister Mario Draghi’s administration is planning to distribute about 32 billion euros ($38 billion) that was approved by the parliament in January through a new decree called “sostegno” or “support,” ...

Bloomberg The European Union’s (EU) executive arm is likely to extend a suspension of the bloc’s debt rules through next year amid uncertainty over the region’s economic recovery. In its guidance on fiscal policy for the coming months, the European Commission outlined its parameters for assessing whether to prolong a waiver of the EU’s spending limits, signaling that it won’t reinstate ...