In the House of Commons today Chancellor Rishi Sunak announced the new “Job Support
Scheme” that will come into force in November 2020 as part of his Winter Economy Plan.
It began unpromisingly – “I cannot save every business”, he said, “I cannot save every job”. As anticipated, the Coronavirus Job Retention Scheme will close at the end of October 2020 and the many whom this new scheme will not help will then be on their own. It would be “fundamentally wrong to keep people in unviable jobs”, said the Chancellor though some may see his effective treatment of anyone still on full furlough at the end of October as in such a job as a significant over-simplification of that question.
At this stage we do not have all the details, which will no doubt be many and complicated and issued piecemeal by tweet, but our alert summarises what we know today.
