LONDON (Reuters) – Britain’s finance ministry said its plan to cover employers’ national insurance and some pension scheme contributions – part of the government’s bid to prevent a wave of job losses – could save companies an extra 300 pounds a month for each employee.

“Our Coronavirus Job Retention Scheme supports workers and businesses up and down the UK – and today we’re strengthening it because we will do whatever it takes to support jobs,” finance minister Rishi Sunak said in a statement.

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