Covid job support scheme will temper rise in unemployment but do little more, experts say
- UK government to cover 22% of worker pay for six months
- Key points from Rishi Sunak’s winter economy plan
- What is Rishi Sunak’s job support scheme and how will it work?
Britain is in for a long, hard winter. That came across loud and clear from Rishi Sunak as he announced new steps designed to prevent unemployment from breaking postwar records over the coming months.
Much of what the chancellor had to say was familiar. This is an unprecedented crisis. Curbs on economic activity are needed to cope with the Covid-19 pandemic. If the state is hurting businesses through lockdown and other restrictions then it has a duty to help.