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.
