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Rishi Sunak defends emergency jobs scheme

Rishi Sunak defends emergency jobs scheme

Business
Media playback is unsupported on your device Chancellor Rishi Sunak has said it is "impossible" to predict how many jobs the government's new wage subsidy scheme will save. The scheme, set to replace furlough, will see the government top up the pay of people unable to work full time.It aims to stop mass job cuts after the government introduced new measures to tackle a rise in coronavirus cases.Mr Sunak said he hoped the plan would "benefit large numbers", but he could not say what job is "viable or not".Under the Job Support Scheme, if bosses bring back workers part time, the government will help top up their wages with employers to at least three-quarters of their full-time pay. It will begin on 1 November and last for six months. How will th...
Covid-19: Sunak set to unveil emergency jobs scheme

Covid-19: Sunak set to unveil emergency jobs scheme

Business
Chancellor Rishi Sunak will later unveil a plan aimed at minimising further unemployment as stricter Covid-19 restrictions come into force.The new measures are expected to replace the furlough scheme, which is set to expire next month.In July, around five million workers were still receiving some or all of their income through the scheme, many in the hospitality sector.Pubs and restaurants have warned they will be hit hard by new restrictions.From Thursday, hospitality venues in England will have to shut at 22:00 BST as the government tries to control the spread of the coronavirus. Scotland is introducing similar measures, with pubs and restaurants having to close at 22:00 BST from Friday, while in Wales restrictions are limited to stopping alcohol sales ...
Rishi Sunak: New ways to protect jobs ‘my priority’

Rishi Sunak: New ways to protect jobs ‘my priority’

Business
Media playback is unsupported on your device The chancellor has said looking for new ways to protect jobs is his "number one priority" after the unemployment rate hit its highest level in two years.Rishi Sunak said finding innovative solutions was "top of mind" as figures showed unemployment rose to 4.1% in the three months to July, up from 3.9%. Labour called for the furlough scheme to be replaced when it ends in October, warning joblessness could spike.But the chancellor stressed this would not help people find new opportunities.Mr Sunak acknowledged the furlough wage support scheme had worked, with more than half of the 9.6 million workers furloughed since May returning to work by mid-August.But he told the BBC: "I wouldn't be being honest ...
Key points as Sunak pledges £1k for each furloughed employee brought back to work

Key points as Sunak pledges £1k for each furloughed employee brought back to work

Business
Chancellor Rishi Sunak has announced a "plan for jobs" to stimulate Britain's battered economy.Here are the key points: EATING OUT DISCOUNTIn August, everyone in the country will be given an "eat out to help out" discount - 50% off at participating restaurants, cafes and pubs. It applies for a maximum discount of £10 per head and can be used from Mondays to WednesdaysBusinesses can claim the money back, with funds in their bank account within five working daysThe scheme, described as the first of its kind, is designed to help an industry employing 1.8 million people
Sunak to unveil £2bn home insulation scheme

Sunak to unveil £2bn home insulation scheme

Science
Hundreds of thousands of homeowners will receive vouchers of up to £5,000 for energy-saving home improvements, with the poorest getting up to £10,000.Chancellor Rishi Sunak is due to set out a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions.The Treasury said the grants could help to support more than 100,000 jobs.Labour said renters appeared to be left out and called for a "broader and bigger" plan to cut carbon emissions.Under the Green Homes Grant, the government will pay at least two-thirds of the cost of home improvements that save energy, the Treasury said.For example, a homeowner of a semi-detached or end-of-terrace house could install cavity wall and floor insulation for about £4,000 - the