Sunak Leaves the U.K. Jobs Market Facing a Harsh Reality

(Bloomberg) -- U.K. Chancellor of the Exchequer Rishi Sunak’s Job Support Scheme gives companies something to think about, according to Bloomberg Economics. Under the scheme, businesses will have to pay employees who work a third of normal hours 55% of their regular pay, with the government forking out 22% and the employee losing 23% of their income. Instead a company may decide to keep fewer employees on full time, paying the wages that match their output.

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