U.K. Raises Job Support Aid, Cutting Employers’ Contributions

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  • Bloomberg QuickTake: Now published this video item, entitled “U.K. Raises Job Support Aid, Cutting Employers’ Contributions” – below is their description.

    The U.K. will increase its contribution to wage costs for firms who can stay open, according to Chancellor of the Exchequer Rishi Sunak, Bloomberg News reports. The new plan will require employees to work 20% of hours, rather than 33%. Firms will only have to cover 5% of non-worked hours, which also was at 33%.

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