Maraaz 
British Finance Minister Rishi Sunak, to reduce the impact of the new type of coronavirus (Covid-19) pandemic on the economy. He announced a program that includes support for employers if they work less than fire their employees.
British Finance Minister Rishi Sunak in a statement in the House of Commons. That the government will directly support workers’ wages. To workplaces facing low demand. He stated that instead of firing employees, shorter working hours will be offered.
Stating that the program will start in November, will last 6 months and will be open to all small and medium-sized businesses, Sunak. He stated that larger companies could only benefit from this if their turnover declined during the crisis.
Sunak said that thanks to the program, those who do at least a third of their shifts will be paid at least 77 percent of their normal salary.
55 percent of it will be covered by the employer and 22 percent by the state.
Sunak saying “I cannot save every workplace and every business, no Minister of Finance will do this”.
He stated that they will only support “viable” businesses under the program, and a one-third overtime requirement will be required for this.
Another support program in the country, which started in May, will end on October 31st.
Within the scope of this application, which is expected to cost approximately 50 billion pounds to the budget.
