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COVID in UK – Job retention scheme extended by one month

The Treasury’s coronavirus job retention scheme paying 80 per cent of wages for furloughed workers is being extended by a month to the end of June, chancellor Rishi Sunak has announced.The move comes a day ahead of Saturday’s deadline for employers to issue redundancy notices for staff being laid off at the end of next month, and staves off the prospect of a mass round of job losses.The £10bn-a-month scheme announced by the chancellor last month was initially intended to run to the end of May, allowing employers to hold on to workers who might otherwise be let go because of the collapse in economic activity caused by the lockdown.

Chosen excerpts by Job Market Monitor. Read the whole story @ Job retention scheme for furloughed workers to be extended by one month, Rishi Sunak announces | The Independent

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