UK wage subsidy scheme costing 8 bln pounds a month - Sunak
- Country:
- United Kingdom
British finance minister Rishi Sunak said the government's coronavirus jobs retention scheme was costing about 8 billion pounds ($9.8 billion) a month but the final costs were hard to estimate because it depended on take-up.
"This is costing in the run rate of around 8 billion pounds per month at the moment but that will depend on the ultimate take-up," Sunak told BBC television in an interview.
Earlier he announced a four-month extension of the plan - under which the government is paying 80% of the wages of workers who are temporarily laid off - until the end of October but said employers would have to contribute from August. ($1 = 0.8129 pounds) (Writing by William Schomberg, Editing by Kylie MacLellan)
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