UK unveils back-to-work bonus scheme and restaurant discounts for all citizens
Courtesy of CNBC
U.K. Finance Minister Rishi Sunak has announced a back-to-work bonus scheme for businesses bringing furloughed employees back to work, and a 50% restaurant discount for all citizens through the month of August.
In a de-facto “mini-budget” unveiled Wednesday, Sunak told the House of Commons that the jobs retention scheme, which has subsidized wages for 9.3 million furloughed workers, will be tapered down to end in October. Businesses will receive £1,000 ($1254.55) bonuses per furloughed worker retained through January earning at least £520 per month.
Photo: Chancellor of the Exchequer Rishi Sunak leaves 10 Downing Street after attending a Cabinet meeting on 14 February, 2020. Barcroft Media