Home Business News Chancellor set to announce wage rescue plan amid panic

Chancellor set to announce wage rescue plan amid panic

by LLB Editor
20th Mar 20 6:58 am

Rishi Sunak, the new UK chancellor, will today announce an employment and wage subsidy package to safeguard millions of jobs.

It comes as business groups and union leaders brainstormed idea to protect jobs until late in the night.

The coronavirus pandemic has pushed millions of businesses, the engine of the UK economy, to the brink as revenues and profits are under pressure.

It is the latest in a string of big fiscal attempts to ease the burden on businesses and their employees.

Prime Minister Boris Johnson hinted yesterday that Sunak would be saying more on Friday about the extended package the government is putting forward for workers.

Leave a Commment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]