Oh UK Employment Protection ProgramHelped pay salaries to millions of licensed workers during epidemics, which ended this Thursday (30).
Ratings National Statistics Office (Its acronym ONS in English) It is estimated that nearly 1 million people will still benefit from the program in September. However, it is not known how many of them have access to assistance as their only source of income.
- read more: Johnson says the UK fuel crisis is stable
Since the outbreak began, the program has helped the government pay the salaries of more than 11 million workers at a cost of nearly 70 70 billion.
While the Bank of England predicts a slight rise in unemployment at the end of the move, Boris Johnson’s government says it’s time to end the benefit.
“Recovery is underway and more than 1 million jobs have been created. Now is the right time to end the project,” he said. Finance Minister Rishi Sunak, In a statement.
The plan was developed in March 2020, when thousands of companies were shut down due to restrictions imposed to prevent the spread of Govt-19.
Through this measure, the government provided a portion of the salaries of people who could not work due to restrictions to the limit of up to ,500 2,500 a month.
Initially, the UK accounted for 80% of the normal wages of workers included in the scheme, but in August the costs began to be shared by companies, which accounted for 20% of the value.
Henry Blackwell is a contributor at Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. His work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism.