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UK finance minister promises ‘opportunities’ for unemployed as his scheme may save ‘only 230,000 jobs’

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Britain's Chancellor of the Exchequer Rishi Sunak learns clay-handling to make plates with Wayne Swindaill, amid the coronavirus disease outbreak, in Stoke-on-Trent, Britain, September 14, 2020. © Reuters / Andrew Fox / Pool
UK govt unveils new job support scheme, but warns it ‘cannot save every business’

Analysts warn that many firms that won’t be required to close might also be affected by local lockdown restrictions.

The Institute for Public Policy Research (IPPR), a think tank, estimates the new scheme would only protect some 230,000 jobs, while about two million viable jobs could be put at risk when the current program closes at the end of the month.

“A far larger number of people are being abandoned by the government [because of] the flawed design of the job support scheme,” said Clare McNeil, associate director of the IPPR.
“We estimate that only one in 10 workers in viable jobs will be supported by this scheme.”

A part-time work subsidy is needed that avoids mass redundancies while allowing more employees to keep their jobs on fewer hours, according to McNeil.

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