£1,000 payout for each worker brought off furlough

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The Chancellor has today unveiled plans to retain UK construction jobs and help to get youngsters into the industry.

Chancellor Rishi Sunak has promised UK firms a £1,000 payout for bringing each staff member back into work and off furlough.

The money will be paid out to businesses who still have the furloughed staff in full-time work at the end of January 2021.

Sunak also set out plans to encourage construction firms across the board to take on more young people. He pledged to subsidise six-month work placements for people on Universal Credit aged between 16 and 24.

He told MP’s in the commons firms are set to receive a grant of £6,500 for each new placement.

Furthermore, the Chancellor promised to provide employers with £2,000 for each new apprentice they hire aged under 25, over 25 employers will receive £1,500.

Eligible employers must hire the apprentices between August this year and January 2021.

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