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World

Rishi Sunak prepares UK economy for 'permanent adjustment'

24 September 2020

10:50 PM

24 September 2020

10:50 PM

The UK economy is no longer hibernating; it is ‘adjusting’. Today’s measures announced by Chancellor Rishi Sunak are designed to help an economy expected to limp through the coming months, quite painfully in certain areas, hopefully on its way to recovery. But are they enough?

The role of the government and the employer has switched: the six month jobs support scheme will see the state contribute to workers’ wages if needed, but now the employer will be paying over 50 per cent of the costs, with the government paying 22 per cent.

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