Rishi Sunak's jobs plan reduces the immediate risk, but it's flawed

The job support scheme looks fiddly, and unemployment looks sure to rise sharply

I cannot save every business, I cannot save every job," said Rishi Sunak. We knew that, of course, because the chancellor has said it repeatedly since March and because he's already on course to borrow about 370bn this financial year, a staggering sum. We can, though, say this: the new job support scheme (JSS) looks extremely fiddly, which may not help its aim.

Giving a worker 33% of hours while paying 55% of his or her wages (which is how the figures work at the bottom end of the sliding scale) won't appeal to every employer. Yes, those thinking about long-term training and recruitment costs will be attracted. The need to keep skills within a company matters.

Related: What's missing from the chancellor's new scheme to save jobs?