Sunak may 'come to regret' new plans as chancellor issued warnings
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Speaking in the Commons on Wednesday, Chancellor Rishi Sunak announced a list of measures to get businesses and workers back on track after the coronavirus lockdown. Although the so-called
mini-budget pledged a £1,000 bonus for employers to keep workers in jobs, there was no extension to the furlough scheme, which is due to end in October this year. Shadow Exchequer Secretary
to the Treasury Wes Streeting warned LBC that the Chancellor would "come to regret" this decision. He said: "We'd hope that the Chancellor would put more flexibility in
place on things like the Job Retention Scheme. "For some sectors that's going to be required for longer. "What the Chancellor did was on a number of levels welcome, but on
that really key issue of making sure we see people through the crisis, that we keep them in jobs wherever possible, this wasn't so much a plan for jobs as a plan for some jobs. "I
think the Chancellor may come to regret that in terms of higher employment figures." READ MORE: BORIS JOHNSON'S 'CONFUSING' CARE HOME BLAME GAME DEFENDED BY SHARMA LBC
host Iain Dale pointed out that it would be impossible for the Government to "guarantee to save every single job". When asked which sectors the Chancellor may have
"ignored", Mr Streeting explained the "clear challenges" in the manufacturing industry. He told LBC: "People are already losing their jobs in areas in the supply
chain. "To give a really practical example: caravan manufacturing." Other initiatives in the Summer Statement include cutting stamp duty and giving diners a discount to support
pubs and restaurants. Mr Sunak told MPs that the Department for Work and Pensions will be given an extra £1 billion to support millions of people back into work. Employment measures
announced in the package include expansion of support to young jobseekers, with £895 million to enhance work-search support by doubling the number of work coaches in jobcentres before the
end of the financial year across Britain. The Government said it will also provide up to £95 million this year to expand the scope of the Work and Health Programme, to introduce additional
voluntary support in the autumn for those on benefits who have been unemployed for more than three months. An online service will be introduced to help those who have been unemployed for
less than three months.