united kingdom

UK: What is Rishi Sunak's job support scheme and how will it work?

Submitted by pmassetti on Fri, 09/25/2020 - 15:50

The Guardian (24.09.2020) The chancellor, Rishi Sunak, has announced a replacement for the coronavirus job retention scheme based on a German-style system of wage subsidies. Faced with the prospect of rising job losses this autumn when furlough closes at the end of October, and tougher restrictions on the economy as the pandemic worsens, the “job support scheme” forms the backbone of his winter economy plan. 
The government will contribute towards the wages of employees who are working fewer than normal hours, and will cover 22% of worker pay for six months.  

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united kingdom
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Unemployment

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