Chancellor admits £5bn boost won't stop mass job losses and firms going bust

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£5billion furlough plan to keep economy afloat won't stop mass job losses and firms going bust, admits Rishi Sunak

Job Support SchemeThose working at least a third of their normal hours will receive 77 per cent of their salary, capped at £697.92 per month.

Mr Sunak handed a lifeline to pubs and restaurants hit by the new 10pm curfew by extending the hospitality VAT cut to the end of March.Credit: PA:Press AssociationCredit: Reutersemergency Covid loansOther measures include allowing firms to spread VAT over 11 smaller payments with no interest. About 11 million self-assessment taxpayers can also defer their bill until 2022.

Economists also warned the new scheme was not enough for struggling firms to keep staff on the payroll.For hours not worked, the Government and employer will each pay a third of the remaining salary, so the employee gets 77 per cent of their normal pay. His latest targeted bailout replaces the furlough, which has kept vast numbers in work during and since the lockdown.

 

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And what about key workers, no bonuses or payment from government. But we will have to pay back the debt along with those furloughed.

£12 billion spaffed on test and trace that doesn’t do either...

And then there is Brexit !!

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Chancellor admits £5bn boost won't stop mass job losses and firms going bustRISHI Sunak unveiled £5billion of measures to keep the economy afloat over winter — but said it will fail to stop mass job losses and firms going bust. The Chancellor announced the state will top u… No help for self employed again Easier solution: open up the fucking country. Corona kills about a third of the people the flu kills. In other words, no one. Pandemic is over! hi everyone plz help me Plz jin k pass bhagvan ka diya bhout pesa h ase log plz help kr do meri request h plz help me 🙏🙏
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Chancellor admits £5bn boost won't stop mass job losses and firms going bustRISHI Sunak unveiled £5billion of measures to keep the economy afloat over winter — but said it will fail to stop mass job losses and firms going bust. The Chancellor announced the state will top u… No help for self employed again Easier solution: open up the fucking country. Corona kills about a third of the people the flu kills. In other words, no one. Pandemic is over! hi everyone plz help me Plz jin k pass bhagvan ka diya bhout pesa h ase log plz help kr do meri request h plz help me 🙏🙏
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Coronavirus: Chancellor to launch a 'Winter Economy Plan' to prevent a 'tsunami' of job lossesThe centrepiece is expected to see taxpayers subsidise the wages of workers returning to work part time after being furloughed. stream midnight sky by miley cyrus and the tsunami wont come Tories will have us out working for peanuts Like anyone has any faith in the government!
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Steve Bell on Rishi Sunak's support for workers hit by the pandemic – cartoonThe chancellor announced a package aimed at fending off mass unemployment, outlining plans to cover almost a quarter of pay for workers in “viable” jobs for the next six months Looking like one of those Shaun the Sheep characters It’s racist. I’m surprised Rishi feels the need for these measures, the herd will vote Tory anyway
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