UK state to pay workers' wages to stem coronavirus layoffs

LONDON (Reuters) - The British government will pay a massive share of private sector wage bills to discourage bosses from firing staff in an unprecedented move to prop up the economy through the coronavirus shutdown."Today I can announce that for the first time in our history the government is going to step in and help to pay people's wages," Chancellor of the Exchequer Rishi Sunak said on Friday.He said there would be no cap on the size of the plan which the government would fund by selling..