Yesterday Rishi Sunak announced the next stage of support for the economy to see us through a coronavirus winter and mitigate some of the job destruction inherent within Brexit. It seems to be a short term working subsidy. It is described in the Guardian in an article entitled, “Covid scheme: UK government to cover 22% of worker pay for six months”. It is also described by Richard Seymour with admirable economy,

It’s weaknesses and that of its predecessor scheme, are commented on by Rebecca Long Bailey in this tweet and in its continuations,

I’d add that much of the so called Job Retention Scheme has been used to subsidise and trigger redundancy schemes. Just another form of corporate welfare. It should have been so much better, but we can’t expect that from a Tory government.

Saving Jobs
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