Covid-19: UK picks up private sector’s 80% wage bill
22/03/2020
CHINA, MAR 21: For the first time in British history, the Boris Johnson government has announced that it will pay 80 per cent of any employee’s salary up to £2,500 a month to prevent companies from laying off their workforce due to the coronavirus pandemic.The announcement by chancellor Rishi Sunak is the latest initiative to deal with the challenge, for which the government already committed over £330 billion pounds last week. Business organisations welcomed the wages initiative described as ‘unprecedented’.Sunak said: “I can announce that, for the first time in our history, the government is going to step in and help to pay people’s wages.
We’re setting up a new Coronavirus Job Retention Scheme. Any employer in the country – small or large, charitable or non-profit - will be eligible for the scheme”. “Government grants will cover 80% of the salary of retained workers up to a total of £2,500 a month.
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