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Chancellor Sunak Announces 'Jobs Support Scheme'

UK

Employees must work at least a third of their normal hours and their wages will be paid by their company.

  • Gov't will increase wages to cover two-thirds of the lost income.
  • Will run for 6 months.
  • Small and medium sized enterprises the focus of the scheme, large firms can only get support if their revenue has fallen.
  • Self-employed grant will match the jobs support scheme.

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