Covid-19 unemployment payment will end before wage subsidies, says Varadkar



[ad_1]

The € 350 weekly Covid-19 unemployment payment will come to an end before the Government scheme which helps companies pay the wages of their workers, Taoiseach Leo Varadkar has said.

Mr Varadkar said the intention would also be to withdraw the € 350 unemployment payment if someone refused to go back to work if a job was offered to them.

The Government introduced two schemes to help people and businesses through the crisis: the € 350 welfare payment and the wage support scheme which sees the State generally pay up to 70 per cent of wages of affected employees up to certain limits.

Both were initially due to last three months but Mr Varadkar and Minister for Finance Paschal Donohoe have said they will be extended but may be amended.

The UK government earlier this week said it was extending a similar scheme to October.

Mr Varadkar was speaking as talks on government formation between Fine Gael, Fianna Fáil and the Green Party turned to budgetary affairs on Wednesday.

The Taoiseach confirmed that the State would “probably” borrow € 30 billion this year, which was at the outer limits of the Government’s worst case scenario calculations less than a month ago.

The Stability Program Update in mid-April said the deficit would be € 23 billion, but Mr Donohoe said this could rise to € 30 billion if economic recovery was delayed.

[ad_2]