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UK's 'Coronavirus Job Retention Scheme' to end by October

May 30, 2020 15:59 IST

UK Chancellor Rishi Sunak has set out the UK government's plans to taper off the Coronavirus Job Retention Scheme from August as the economy gradually opens up from the pandemic lockdown. The scheme, under which the UK taxpayer covered 80% of the wages of nearly a million jobs with no employer contribution, will end in October. Gradually, taxpayer contribution will fall to 60% and employers will pay 20% before the scheme closes at the end of the month.

 

International