Goverment to cover 80% of UK workers wages for at least 3 months

Goverment to cover 80% of UK workers wages for at least 3 months
  • Post Category:Coronavirus

A ray of light appeared out of the dark as Rishi Sunak, the chancellor, eased the previous days of uncertainty by announcing new measures to protect workers and businesses.

The Government have finally followed in the footsteps of other countries and will cover 80% of workers wages up to £2.5K per month undet the Coronavirus job retention scheme, in a move to prevent further job losses and business closures.

This is welcome news for many of us, who in recent days have been very worried for our future. Hopefully this means U-turns for many of those who have been recently laid off.

Those poor, poor people who have been laid off and now looking to apply for Universal Credit, there is a tiny reason to be cheerful as universal credit has increased by £1K per year today.

This equates to an extra £83.33 per month. This means the minimum amount will rise from £251.77 to £335.10 per month.

Friday marks a day of slight encouragement in what has been a terrible week for all concerned. This is not over by any stretch of the imagination but it is hopefully a step in the right direction helping to give people reassurance and a little more confidence in the long term.

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