LONDON (Reuters) – British finance minister Rishi Sunak announced on Thursday a new jobs support scheme that would help firms employ people on shorter hours, but warned he could not save every business or job.
Following is some early reaction:
BRITISH CHAMBERS OF COMMERCE DIRECTOR GENERAL ADAM MARSHALL
“The new wage support scheme will help many companies hold on to valued employees after furlough ends, and the extension of business lending schemes and tax forbearance will lessen the immediate pressure on cash flow for many affected firms.”
FEDERATION OF SMALL BUSINESSES NATIONAL CHAIR MIKE CHERRY
“Today’s support package is the flipside of the coin to Tuesday’s COVID-19 business restrictions.
“It is a swift and significant intervention, extending emergency SME loans, creating new wage support for small employers and