that spending on the job retention scheme. that spending on the job retention scheme, so the furlough scheme, is not so scheme, so the furlough scheme, is not so fast, scheme, so the furlough scheme, is not so fast, it has plateaued through not so fast, it has plateaued throuthuly and august, it not so fast, it has plateaued through july and august, it fell to 1.6 through july and august, it fell to to million through july and august, it fell to 1.6 million at the end ofjuly. it does 1.6 million at the end ofjuly. it does not 1.6 million at the end ofjuly. it does not look like it has fallen much does not look like it has fallen much in does not look like it has fallen much in august even though companies had to much in august even though companies had to pay much in august even though companies had to pay more, so although the economy had to pay more, so although the economy undoubtedly has recovered, as have economy undoubtedly has recovered, as have tax econo
of £20.5 billion, still the drop that we saw, £5 billion less than last year, was still less than many economists had expected, but earlier i spoke to the senior economist at hsbc, liz martins, and i asked her despite the drop being less than many thought would happen, was it still a sign that the impact of covid on the uk economy was starting to wane? , ., , u, ., , to wane? yes, numerous indicators have shown to wane? yes, numerous indicators have shown that. to wane? yes, numerous indicators have shown that. we to wane? yes, numerous indicators have shown that. we had to wane? yes, numerous indicators have shown that. we had seen - to wane? yes, numerous indicators have shown that. we had seen the | have shown that. we had seen the economy have shown that. we had seen the economy reopen and all the data start economy reopen and all the data start to economy reopen and all the data start to look better, meaning tax revenues start to look better, meaning tax revenues h