BBC political correspondent, Nick Eardley, reports in a tweet
NEW: Chancellor set to extend furlough until March, sources have told the BBC. Details just after midday - not clear if it will mean full 80 per cent.
Well, Sunak will be addressing parliament soon - scheduled to be at the top of the hour - on the details so we'll see. But this seems to be a much longer extension than expected, so that's at least some good news for the UK labour market and economy.
So much for his political charade of pursuing fiscal conservatism. Sheesh.