The British public is unaware of the “horrible” economic damage that is “coming around the corner” due to the coronavirus outbreak, a former chancellor has said, warning that the government’s furlough scheme has lulled workers into a “false sense of security.” Harry Yorke writes in The Telegraph that amid growing expectations that some companies may not reopen before Christmas, Lord Lamont said on Tuesday that he feared some sectors of the economy “will disappear” after the lockdown has been lifted. Lord Lamont, who served as Chancellor to John Major between 1990 and 1993, added that people currently reliant on the job retention scheme “may not realize their jobs have disappeared or about to… or that their firm is in serious trouble.” His comments come after the current Chancellor, Rishi Sunak, acknowledged on Monday that the furlough scheme, which is covering 6.3 million workers at a cost of £8 billion, is not a “sustainable situation” in the long-term.