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UK Cll'r Sunak Draws Up New Plans To Subsidise Workers' Wages

UK

The FT reports that "Chancellor Rishi Sunak is drawing up plans for a new programme to subsidise workers' wages, as pressure mounts to avert mass unemployment when the government's £39bn job retention scheme ends in October. Mr Sunak has vowed to be "creative" and is looking at whether the Treasury and companies could share the cost of topping up the wages of staff who can only be employed part-time because of the coronavirus pandemic. Boris Johnson's plan for six months of new Covid-19 restrictions to tackle a resurgence of the virus has increased the pressure on Mr Sunak to avoid what Labour leader Keir Starmer has predicted will be a jobs "disaster" when the furlough scheme ends on October 31."

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