British companies to pay 20-30% of furloughed employees' wages: Report

The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees' wages from August to reduce the vast burden of the coronavirus crisis on government finances, The Times newspaper reported.

The United Kingdom extended its job retention scheme - the centrepiece of its attempts to cushion the coronavirus hit to the economy - by four months on May 12, but told employers they would have to help to meet its cost from August.

"The Treasury has drawn