March 20, 2020 / 5:27 PM / 5 months ago

UK to pay firms not to sack workers over coronavirus

FILE PHOTO: Chancellor of the Exchequer Rishi Sunak speaks during a news conference on the ongoing situation with the coronavirus disease (COVID-19) in London, Britain March 17, 2020. Matt Dunham/Pool via REUTERS/File Photo

LONDON (Reuters) - 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.

Reporting by David Milliken; editing by Stephen Addison

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