Mr Sunak said: “The Government will directly support the wages of people in work, giving businesses who face depressed demand the option of keeping employees in a job on shorter hours rather than making them redundant.”
He added the Job Support Scheme will be open to any businesses, however larger firms will only be able to access it if they can prove a marked decline in their turnover.
The Chancellor said any firms retaining furloughed staff on shorter hours could claim both the Jobs Support Scheme.
In addition, the previous jobs retention bonus of £1,000, paid to companies for every furlough employee who returns to work, is still in place.
Published at Thu, 24 Sep 2020 11:33:00 +0000