Bonus scheme for retaining furloughed workers announced

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Rishi Sunak has revealed a range of measures designed to save jobs and boost the economy following the impact of the coronavirus pandemic.

The Chancellor has announced a new job retention bonus as part of its “A Plan for Jobs 2020”. On Wednesday 8th July, Rishi Sunak announced a £1,000 “job retention bonus” for employers that bring workers back from furlough. He told the House of Commons the bonus would apply to employees paid enough to reach the lower earnings limit for paying national insurance.

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