Chancellor set to reveal government's job retention scheme.
Chancellor Rishi Sunak has said that the UK government will continue to pay 80% of workers’ wages till the month of October, this is part of the government’s efforts to ease the stress on the employers due to the Coronavirus outbreak. According to the chancellor by August, government will begin to share the cost of the scheme with companies. Nearly a quarter of the UK's workforce has been furloughed, with 80% of employee's wages - up to £2,500 a month - being paid by the government. Prime Minister Boris Johnson, said the initiative was one of the most remarkable features of the government's response stressing that it is absolutely the right thing to do. He said he did not want to steal his chancellor's thunder but added that Mr Sunak would update MPs on Tuesday.