Market news
08.07.2020, 11:48

UK's finance minister Sunak: Job losses are the most urgent challenge we face

  • We will do all we can to give everyone job opportunities
  • Our plan will protect and create jobs
  • Furlough program cannot, should not go on forever
  • Furlough program will wind down flexibly, gradually into October
  • Will pay GBP1,000 bonus per employee that returns from furlough through to January
  • Announces "kickstart scheme", GBP2 billion initially to be made available for this
  • The scheme will pay firms to hire young people

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