Government could move to subsidise wages in response to coronavirus crisis
Published: 07:25, 20 March 2020
| Updated: 07:26, 20 March 2020
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The chancellor could announce an employment and wage subsidy package to try to protect millions of jobs today.
As many firms warn they are in danger of collapsing one proposal thought to be under discussion is for the UK to follow the lead of countries such as Denmark, where the government has promised to cover 75 per cent of salaries at private companies for three months, if they promise not to let staff go.
Yesterday Prime Minister Boris Johnson urged business to "stick by their employees, because we're all going to need them".
He signalled that Chancellor Rishi Sunak would be saying more on Friday about the extended package the government is putting forward for workers.
