UK leaves coronavirus lifeline for workers in place for four more months

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UK leaves coronavirus lifeline for workers in...
 © Parikiaki 2020
Britain extended its job retention scheme – the centrepiece of its attempts to cushion the coronavirus hit to the economy – by four months on Tuesday but told employers they would have to help meet its huge cost from August.

Finance minister Rishi Sunak said 7.5 million temporarily laid off employees, almost one in every four British workers, were now on the scheme.

He said they could rest assured that they would continue to get 80% of their wages up to 2,500 pounds ($3,089) a month until the end of October.

But Sunak said the scheme was...


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This article was automatically added to our system 13-5-2020

UK leaves coronavirus lifeline for workers in place for four more months


The contents of this article including any associated images are © Parikiaki 2020
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