In today’s lesson, we will look at some vocabulary related to grants.

To do this, we’ll look at a segment of an article published by The Guardian newspaper which describes how the government in the United Kingdom is planning to give businesses in specific sectors money to help them survive the economic downturn caused by the coronavirus pandemic.  

The title of the article is: “Rishi Sunak unveils £4.6bn relief package for UK retail and hospitality sectors”

The chancellor must remain wary of a spring cliff-edge in business support as the furlough scheme and other support measures unwind.”

 “Rishi Sunak unveils £4.6bn relief package for UK retail and hospitality sectors”. The Guardian, January 5, 2021. Accessed January 4, 2021.

https://www.theguardian.com/politics/2021/jan/05/rishi-sunak-unveils-46bn-relief-package-for-uk-retail-and-hospitality-sectors

Now, in the text we quoted, the first highlighted word is “chancellor”. This refers to the Chancellor of the Exchequer in the UK, which is the equivalent to a finance minister in other countries. Next word is “wary”. 

If you are wary of something, you feel like you should be careful. “Be wary = Be careful”.  Next, “cliff-edge”. This compound word describes a risky situation where a small change can lead to a dramatic fall.  

And what about “furlough scheme”? Well, that is a plan – or in other words a scheme – where workers are given leave from their work, but they are still technically employees and probably their benefits are still being paid.

And “unwind”? Well, that is the action of undoing something. In this case, money is being distributed by using grants, but that policy will need to come to an end someday, and it will need to be unwound carefully in order to avoid distortions.   

The chancellor must remain wary of a spring cliff-edge in business support as the furlough scheme and other support measures unwind.”

That’s all for this lesson. Practice some of these words by writing in the comments section and telling me what grant programs exist in your country to help support workers and businesses during the Covid-19 pandemic.  

See you later! Stay well.

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