Home Business News Government warns that more job losses are on the way

Government warns that more job losses are on the way

by LLB Politics Reporter
25th Sep 20 12:32 pm

The government have warned on Friday that they cannot save everyone’s jobs as it is “very sadly” inevitable that there will more losses.

Treasury Secretary Stephen Barclay told Sky News the government had been honest that they are unable save everyone’s job.

Barclay defended Chancellor Rishi Sunak’s jobs scheme and told the BBC’s Today programme that “very sadly” it was inevitable there would be more job losses.

He said that the government’s measures must target funding on jobs that are “viable.”

Barclay added, “the length of unemployment is absolutely critical.

“We need to get those who were not able to retain their jobs back into the labour market, and it’s not in their interest, or the wider economy’s interest, for them to be at home for months on end.”

CBI Dame Carolyn Fairbairn also said that the government’s “furlough scheme was extraordinarily generous, but it wasn’t going to be able to go on forever.”

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