Britain's government will pay businesses hit by the coronavirus outbreak no...
FILE PHOTO: Chancellor of the Exchequer Rishi Sunak speaks during a news conference on the ongoing situation with the coronavirus disease in London, Britain March 17, 2020. Matt Dunham/Pool via REUTERS/File Photo
LONDON - Britain’s government will pay businesses hit by the coronavirus outbreak not to lay off workers, as part of what finance minister Rishi Sunak said would be an unprecedented economic intervention. “Today I can announce that for the first time in our history the government is going to step in and pay people’s wages,” Sunak said at a news conference, after Prime Minister Boris Johnson ordered the closure of pubs and eat-in restaurants.
Sunak said the government would give grants to cover 80% of a worker’s salary if businesses kept them on staff. “The economic intervention that I am announcing today is unprecedented in the history of the British state,” he said.
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