The British government is putting millions of jobs at risk by putting an early stop to emergency programme, which helps companies keep people employed. This is what the Institute for Public Policy Research says on the basis of research.
The think tank estimates that in October, when the current aid scheme expires, 3 million workers will still be dependent on the aid to maintain their jobs. About two thirds of these jobs could probably be saved if the government decided to extend the aid until next year. However, the British finance minister Rishi Sunak has indicated that the state cannot sustain the aid indefinitely.
The scheme means that the UK government pays 80% of an employee’s wage. London has helped a lot of people with this over the past few months. State aid has been paid out for nearly 10 million jobs. But stopping the aid too soon would cause” long-term damage to the economy and people’s lives”, according to the researchers.