Article 58HKM What is Rishi Sunak's job support scheme and how will it work?

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

by
Richard Partington Economics correspondent
from on (#58HKM)

The replacement for the UK furlough scheme is similar to Germany's Kurzarbeit

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.

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