Finance Minister Rishi Sunak announced bonuses for companies retaining staff and taking on apprentices. The UK government on Wednesday unveiled a package worth 30 billion pounds to save jobs, help the young into work and kickstart the British economy ravaged by the coronavirus pandemic. Sunak said the UK economy had contracted by 25 percent over the coronavirus lockdown - "the same amount it grew in the previous 18 years". The chancellor also confirmed 3 billion of green investment, after British Prime Minister Boris Johnson vowed to "build, build, build" out of the economic crisis. Sunak on Wednesday said the furlough scheme "cannot and should not go on forever", telling MPs:"I know that when furlough ends it will be a difficult moment...

Source: News 24 July 08, 2020 17:37 UTC