UK’s Sunak Offers Jobs Bonuses, Cuts Taxes to Head Off Jobs Crisis

UK’s Sunak Offers Jobs Bonuses, Cuts Taxes to Head Off Jobs Crisis
Britain's Chancellor of the Exchequer Rishi Sunak reacts as he leaves Downing Street, in London, Britain, on July 8, 2020. Hannah Mckay/Reuters
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LONDON—British finance minister Rishi Sunak announced a 30 billion pound ($37.7 billion) plan to head off an unemployment crisis by paying employers to bring back their furloughed workers and cutting taxes for the hospitality sector and homebuyers.

“I want every person in this House and in the country to know that I will never accept unemployment as an unavoidable outcome,” Sunak told parliament on Wednesday.