British workers whose hours were cut because of the coronavirus pandemic could receive new government wage subsidies in the near future. Britain’s treasury chief has proposed measures aimed at preventing further layoffs when current subsidies expire next month.
The new measures, proposed Thursday by Chancellor of the Exchequer Rishi Sunak, are in response to a call from businesses and labor unions for the government to provide additional support.
Right now the government pays up to 80% of wages workers made before they were furloughed, but the proposal would pay 77% of pre-pandemic wages. The payment would be dependent on employers allotting workers at least one-third of their pre-pandemic hours.