President Rishi Sunak said it was "impossible" to predict how many jobs the slotxo
new government wage subsidy program would save.The program, established to replace the decline, sees the government adding more money to people who are unable to work full-time.It aims to halt massive job cuts after the government released new measures to tackle the rising coronavirus infection.Mr Sunak said he hoped the plan would But he was unable to tell which jobs. "Can it work?" Under the job support program, if the boss brings the workers back to work part-time, the government will provide the employer with at least three-quarters of the full-time wages.It starts on November 1 and lasts six months.
How will the support program work?
Under the scheme, the government subsidizes the slotxo
wages of employees who work less than normal hours due to reduced demand.Employers are paid based on the hours they actually worked. The government and employer then pay two-thirds of the lost wages. But only employees who can work at least a third of their regular hours are eligible for the program.The pay is based on the employee's normal salary, with a government contribution of £ 697.92 per month.
Why is the government doing this?
Sunak explained that this project is It is a "radical new policy" designed to help protect as many jobs as possible [and] let people work part-time instead of laying off.However, he said it would only support "Living jobs" as opposed to existing jobs as the government continues to subsidize wages.It is not for me to sit here and announce if any work is possible or not. But what we have to do is to develop our support now that we are going through an acute crisis, Sunak said at a press conference after that. The project was revealed.Obviously, we cannot keep the same level as we did at the beginning of this crisis.
How many jobs will this be saved?
The BBC understands that the finance ministry is estimating that anywhere slotxo
between two and five million people will be covered by the new job support program.However, the Prime Minister Told to a press conference that he would "lie" if he tried to give precise numbers. But he said some unemployment forecasts.Nearly three million workers or 12% of the UK's workforce are currently taking part or all of the leave, according to official figures. The project to reduce the current period ends on October 31.Government subsidies for the payment of wages will drop sharply in comparison to the reduction of programs. Under that reduction, 80% of the monthly wages would initially be paid up to £ 2,500.Under the new program this would be reduced to 22%.The main goal of our economic policy remains unchanged: to support the work of people - but the way we achieve it has to be developed, Sunak said.