Prime Minister Rishi Sunak leaves No. 10 Downing Street after attending a Cabinet meeting on February 14, 2020.
UK Finance Minister announced on Thursday that a program to subsidize workers unable to work due to the coronavirus epidemic, will be extended until March 2021.
“The economic recovery has slowed and the economic risks are leaning on the downside,”; Prime Minister Rishi Sunak told the House of Representatives, standing next to Prime Minister Boris Johnson.
“With this considerable uncertainty, the deteriorating economic landscape and the need to secure the security of people and businesses during winter, I believe going further is the right thing to do. I can announce today that the furlough plan will not be renewed for a month, will be extended until the end of March, “he said.
The policy will be reviewed in January, he said, to see if the economic situation improves enough to require employers to contribute more to their employees.
Last weekend it was announced that the furlough plan, or “Job Maintenance Plan” as it was officially known, would be expanded to include the four-week close-off starting in the UK in half Thursday morning.
The plan shows that the UK government pays up to 80% of people’s wages, up to £ 2,500 a month, for non-working hours. Employers pay for employee pension contributions and National Insurance (payments to components of the UK welfare state, such as the National Health Service).
The program was introduced during the first shutdown, which began in March, and is designed to prevent employers from leaving workers with redundancies during a pandemic. It has been praised for its effectiveness in this regard.
The show is mainly used by people in the hospitality and entertainment industries, as the field was forced to close during the lockout period.
Gyms, entertainment centers, restaurants, bars and pubs and all non-essential businesses have now been ordered to close in the UK for a second time, until December 2, in an attempt to quell the second wave of coronavirus infection.