Rishi Sunak warns jobs at risk unless economic activity returns to normal
Chancellor Rishi Sunak warned that certain jobs "are at risk" if the economy does not return to normal as the country relaxes lockdown restrictions.The country began easing lockdown restrictions on certain businesses, including pubs and restaurants, on July 4, with the Government promoting a campaign to get the public to eat and drink out to help the economy.
For many businesses and workers in the struggling hospitality sector, the support announced by Chancellor Rishi Sunak has come too late, but for others, the new scheme could yet be a lifeline. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Asked how the job support package would be paid for, Rishi Sunak said therewould be “difficult” decisions in the future, during a press conference atDowning Street. Rishi Sunak said the extension of the VAT cut would add around£800 million to the existing £2.5 billion cost of the measure. He confirmedthat the Job Support Scheme would be around £300 million a month for eachmillion employees involved.
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Rishi Sunak has outlined new financial support for workers and businesses at a Downing Street press conference. The chancellor also warned "for at least the next six months the virus and restrictions are going to be a fact of our lives". Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rishi Sunak said he could not promise that “everyone can go back tothe job that they used to have”. At a Downing Street press conference he said:“We obviously can’t sustain the same level of things that we were doing at thebeginning of this crisis, but nor would it be right to do so either, becausethe situation has evolved.
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UK Chancellor Rishi Sunak says that 9 million jobs will be protected by the retention bonus programme which will encourage companies to bring back furloughed workers. Report by Bassaneseg. Like us on..