08/07/2020- Chancellor unveils ‘job retention bonus’

Chancellor Rishi Sunak has unveiled a plan to keep furloughed workers in their jobs when the scheme ends in October. 

If employers keep workers in their jobs until January 2021 they will get a £1,000 bonus per employee.

The scheme could cost as much as £9bn if every furloughed worker is covered, the chancellor told MPs.

It is part of a package to prevent mass unemployment as the coronavirus crisis hits the economy.

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(Source: BBC News)