Chancellor's £5billion scheme to protect viable jobs | UK Market Update

September 25, 2020 12:00 PM AEST | By Team Kalkine Media

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Chancellor, RISHI Sunak unveiled measures to keep the economy with a scheme of £5billion announcing the state where the wages of employees will be forced to go part-time for next 6 months but the Chancellor also admitted the fact that it won’t be enough to stop major job losses and firms facing the bust in the economy. The scheme is aiming at protecting “viable jobs” only. This new scheme aims to encourage the firms to keep their employees on part-time rather than laying them off.

Tesco, the grocer has introduced a three-per-customer limit on number of products like flour, dried pasta, toilet roll, baby wipes, anti-bacterial wipes as per the new restrictions in England adding on other limits on online items such as rice and tinned vegetables. This is to ensure that everyone can buy what they need, introducing bulk-buy limits on small number of products. The grocer also urged the customers to wear face masks while shopping, to help their customers shop safely.

Immediately after 10pm , Pub-Goers took it to the streets of London on Thursday night after pubs and restaurants had to shut down under the new restrictions due to the pandemic. Boris Johnson announced these new restrictions on Tuesday for early shutting of pubs and restaurants. But police reports there was no hassle and no one created a problem as the police was patrolling the famous streets reminding the people their responsibility to minimize the spread.

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