Chancellor unveils Job Retention Bonus

Chancellor Rishi Sunak has announced a new bonus scheme for firms that re-employ furloughed workers.

He told the Commons that any employer who brings someone back off furlough, and keeps them in a job until January, will get a £1,000 bonus per person from the government.

To get the new ‘Job Retention Bonus’ of £1,000 per person, firms must pay workers at least £520 each month.

If everyone on furlough were to benefit, the new scheme could cost the government £9bn, he said.