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Chancellor announces unprecedented lifeline for firms and VAT holiday
Rishi Sunak has announced the government will pay staff wages to keep businesses afloat during the coronavirus crisis, in a move welcomed by the RIBA.
Announcing a raft of “unprecedented” emergency measures, the chancellor promised government grants to cover at least 80% of the salaries of employees at risk of losing their jobs because of the crisis, up to a total of £2,500 a month.
He said: “For the first time in our country’s history, the government is going to step in and pay people’s wages.
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