UK to tell employers to help fund coronavirus job safety net

LONDON (Reuters) - British finance minister Rishi Sunak will tell employers on Friday how much they must contribute to the government’s hugely expensive wage subsidy programme from August, a prospect that some firms say will lead to more job losses.

Sunak will say companies must pay between 20% and 30% of the costs of the programme - the centrepiece of his attempts to protect the economy from the coronavirus shutdown - according to media reports.

He is also expected to...
source: Reuters

2020-05-29 10:32
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