RISHI Sunak unveiled £5billion of measures to keep the economy afloat over winter — but said it will fail to stop mass job losses and firms going bust. The Chancellor announced the state will top up the wages of employees forced to go part-time for the next six months. ⚠️ Read our coronavirus live blog for the latest news & updates But the scheme is aimed only at protecting "viable jobs", and leading economists warned of two million more losses from Covid by Christmas. It was among a three-pronged Winter Economy Plan to help protect firms and workers from the tough restrictions announced this week. The new Job Support Scheme aims to encourage firms to keep employees on part-time. Those working at least a third of their normal hours will receive 77 per cent of their salary, capped at £697.92 per month. The scheme, due to run for six months from November, will see the Government pay up to 22 per cent of wages, down from 80 per cent when the furlough policy began. All small and medium-sized firms can apply, plus larger ones whose turnover has fallen during the crisis. But it will protect only "viable jobs", so… Read full this story
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