The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees' wages from August to reduce the vast burden of the coronavirus crisis on government finances, The Times newspaper reported.
FILE PHOTO: A woman wearing a face mask crosses a bridge in front of One Canada Square in Canary Wharf, following the outbreak of the coronavirus disease , London, Britain, May 18, 2020. REUTERS/Simon Dawson/File Photo
The United Kingdom extended its job retention scheme - the centrepiece of its attempts to cushion the coronavirus hit to the economy - by four months on May 12, but told employers they would have to help to meet its cost from August.
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UK to require employers to pay 20-30% of furloughed wage cost: The TimesThe United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees' wages from August to reduce the vast burden of the coronavirus crisis on government finances, The Times newspaper reported.
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