Rishi Sunak, the chancellor, has warned that he will not be able to protect “every single job” as the UK enters one of the most severe recessions “ever seen”.
The chancellor used his summer statement on Wednesday to outline a new package of job support worth up to £30bn, but business leaders and union bosses have warned that millions of jobs in some of the UK’s hardest hit sectors, such as retail, are still at risk.
Mr Sunak admitted there were flaws in some of the measures announced, including a “deadweight” cost to the government’s £9bn bonus scheme designed to reward employers who bring back furloughed workers.
“If you’re asking me ‘can I protect every single job’, of course the answer is no. Is unemployment going to rise, are people going to lose their jobs? Yes, and the scale of this is significant,” he warned in a BBC Breakfast interview