UK to cover 80% of wages of virus-hit workers: finance minister

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Finance minister Rishi Sunak meanwhile announced what he said was an 'unprecedented economic intervention' to protect jobs, after a wave of redundancies caused by a slump in business.

LONDON - The British government on Friday said it would help cover the wages of people hit by the coronavirus outbreak as it tightened restrictions to curb the spread of the disease.

Finance minister Rishi Sunak meanwhile announced what he said was an "unprecedented economic intervention" to protect jobs, after a wave of redundancies caused by a slump in business. The payments will be backdated to 1 March and be available for about three months, although he did not rule out extending the scheme.

Self-employed workers will be able to access the Universal Credit payments in full at a rate equivalent to statutory sick pay available to employees.

 

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We need this kind of support here in SA

And our GovernmentZA & our banks StandardBankZA FNBSA Nedbank AbsaSouthAfrica CapitecBankSA AfricanBank SAReserveBank are still not saying anything all they care about is profit mxm eNCA SowetanLIVE danielmarven

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