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Home Business News Chancellor’s move will only save ‘hundreds of jobs’ not ‘thousands’

Chancellor’s move will only save ‘hundreds of jobs’ not ‘thousands’

by LLB staff reporter
24th Sep 20 1:30 pm

Dame Carolyn Fairbairn, director-general of the Confederation of British Industry (CBI) warned that the Chancellor’s move will not save thousands of jobs, but only “hundreds.”

Whilst Dame Fairbairn backed Rishi Sunak’s move for “acting decisively” she added, “Wage support, tax deferrals and help for the self-employed will reduce the scarring effect of unnecessary job losses as the UK tackles the virus.”

Mark Serwotka, general secretary of the Public and Commercial Services union said, “Any support for jobs and key industries during this unprecedented global pandemic is to be welcomed.

“However, the chancellor’s measures are akin to using a plaster to cover a gaping wound.

“Our members in the commercial sector, aviation and culture are already being threatened with hundreds of redundancies, as employers seek to capitalise on the economic fallout from Covid-19.”

Transport Salaried Staffs Association (TSSA) leader Manuel Cortes said, “Better late than never, but the government’s indecision has already seen jobs lost in droves and caused huge needless anxiety among millions of workers.

“The chancellor said they will target support at ‘firms who need it the most’.

“That must be fine-tuned so that the jobs of our members in the travel trade are saved and high-street travel shops don’t become a thing of the past.”

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