UK's finance minister Sunak: Job losses are the most urgent challenge we face

Market news

8 July 2020

UK's finance minister Sunak: Job losses are the most urgent challenge we face

We will do all we can to give everyone job opportunities
Our plan will protect and create jobs
Furlough program cannot, should not go on forever
Furlough program will wind down flexibly, gradually into October
Will pay GBP1,000 bonus per employee that returns from furlough through to January
Announces "kickstart scheme", GBP2 billion initially to be made available for this
The scheme will pay firms to hire young people

UK's finance minister Sunak: Government to invest GBP1 billion in work and pensions department to support the unemployed

European session review: USD little changed as investors weigh hopes for quick economic recovery against risk of COVID-19 resurgence

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