UK’s Sunak hits right target with latest Santa act – ZAWYA

UK’s Sunak hits right target with latest Santa act – ZAWYA

UK's Sunak hits right target with latest Santa act | ZAWYA MENA Edition HomeEconomyGlobalArticleUK's Sunak hits right target with latest Santa act Sunak will offer employers a 1,000 pound bonus for every furloughed worker who stays on the payroll until the end of January 2021    Britain's Chancellor of the Exchequer Rishi Sunak appears on BBC TV's The Andrew Marr Show in London, Britain, March 8, 2020. Jeff Overs/BBC/Handout via REUTERS. (The author is a Reuters Breakingviews columnist. The opinions expressed are her own)LONDON  - Rishi Sunak is perfecting his Santa act. Nearly four months after announcing 30 billion pounds of extra spending, Britain's finance minister on Wednesday unveiled new measures worth up to the same amount to help the economy. The best of them aim to avoid deep scars in the labour market.Sunak will offer employers a 1,000 pound bonus for every furloughed worker who stays on the payroll until the end of January 2021. The furlough scheme, which has so far cost over 27 billion pounds and is supporting 9.4 million jobs, winds up in October. Extending it indefinitely is infeasible. But this carrot may mean some staff are retained a little longer.LONDON  - Rishi Sunak is perfecting