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Looks like the Brits are finally taking it seriously, closing pubs and paying wages:
(from the guardian liveblog)
Sunak says the economic intervention is “unprecedented” in the history of the British state, and will be one of the most comprehensive in the world.
People listening must realise “they will not face this alone, but it will take a collective national effort”, he declares.
To protect jobs, the chancellor announces that the government will step in and help pay wages, for the first time in UK history. It’s called the coronavirus job retention scheme.
Companies and organisations will be able to apply for a grant from HMRC to cover the wages of people who are not working due to coronavirus shutdowns, but who haven’t been laid off.
It will cover 80% of the salaries of these retained workers, up to £2,500 per month.
The devil will be in the details of course but on the face of it, fair play. Turns out the magic money tree was real after all.
(from the guardian liveblog)
Sunak says the economic intervention is “unprecedented” in the history of the British state, and will be one of the most comprehensive in the world.
People listening must realise “they will not face this alone, but it will take a collective national effort”, he declares.
To protect jobs, the chancellor announces that the government will step in and help pay wages, for the first time in UK history. It’s called the coronavirus job retention scheme.
Companies and organisations will be able to apply for a grant from HMRC to cover the wages of people who are not working due to coronavirus shutdowns, but who haven’t been laid off.
It will cover 80% of the salaries of these retained workers, up to £2,500 per month.
The devil will be in the details of course but on the face of it, fair play. Turns out the magic money tree was real after all.