March 27, 2020 / 12:15 PM / 4 months ago

UK says pension, social security move to give further cash boost to firms

LONDON (Reuters) - Britain’s finance ministry said its plan to cover employers’ national insurance and some pension scheme contributions - part of the government’s bid to prevent a wave of job losses - could save companies an extra 300 pounds ($366.70) a month for each employee.

“Our Coronavirus Job Retention Scheme supports workers and businesses up and down the UK – and today we’re strengthening it because we will do whatever it takes to support jobs,” finance minister Rishi Sunak said in a statement.

Writing by William Schomberg; editing by Kate Holton

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