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UK
UK: Per The Times: "Rishi Sunak is preparing to "wean" businesses and workers
off the government's furloughing scheme by cutting wage subsidies amid concerns
that the nation has become "addicted". The chancellor will announce plans next
week to wind down the scheme from July as part of an attempt to get people back
to work as the lockdown is eased. He met officials yesterday to discuss the
options, which include cutting the 80 per cent wage subsidy and lowering the
GBP2,500 cap on monthly payments. The Treasury is also considering plans to bar
self-employed workers with trading profits of more than GBP30,000 from claiming
government grants. At present the threshold is GBP50,000."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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