Sunak's jobs policies badly timed and poorly targeted, says IFS
by Richard Partington Economics correspondent from on (#55HCY)
Thinktank predicts budget deficit of 350bn this year and tax rises from 2022
Britain's leading tax and spending thinktank has criticised the flagship policies in Rishi Sunak's 30bn summer statement as badly timed, poorly targeted and likely to do little to stop unemployment from rising.
The Institute for Fiscal Studies said most of the 9.4bn allocated for the government's 1,000 job retention bonus scheme - to incentivise employers to take back furloughed staff - would be spent on jobs that were already safe.
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