Wage subsidies expected in third tranche of stimulus

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Workers cast out by the coronavirus crisis are expected to receive some relief as the government finalises the details of a wage subsidy package set to be announced early this week.

Sky News Political Editor Andrew Clennell said Treasury was modelling advice to the government off of similar schemes in New Zealand and the Netherlands.

Mr Clennell also said it’s likely the next tranche of stimulus could include more funding for the airlines.

“The talk is the wage subsidies … are expected to be in there to keep businesses afloat through the hibernation period,” he said.

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