Will the Chancellor’s Job Support Scheme curb the rise in unemployment? – BBC Newsnight

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  • BBC Newsnight published this video item, entitled “Will the Chancellor’s Job Support Scheme curb the rise in unemployment? – BBC Newsnight” – below is their description.

    Will the revised Job Support Scheme – due to cost the government £300 million a month, rather than the almost £4 billion a month for furlough – staunch the rise in unemployment? Subscribe to our channel here: https://goo.gl/31Q53F Chancellor Rishi Sunak has said it is “impossible” to predict how many jobs the government’s new wage subsidy scheme will save. The scheme, set to replace furlough, will see the government top up the pay of people unable to work full time and aims to stop mass job cuts after the government introduced new measures to tackle a rise in coronavirus cases. The chancellor said he hoped the plan would “benefit large numbers”, but he could not say what job is “viable or not”. Can the chancellor’s new package hold back the tide of unemployment? Political Editor Nick Watt reports. Newsnight is the BBC’s flagship news and current affairs TV programme – with analysis, debate, exclusives, and robust interviews. Website: https://www.bbc.co.uk/newsnight Twitter: https://twitter.com/BBCNewsnight Facebook: https://www.facebook.com/bbcnewsnight

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