Will the Chancellor's Job Support Scheme curb the rise in unemployment? - BBC Newsnight
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- čas přidán 5. 09. 2024
- Will the revised Job Support Scheme - due to cost the government £300 million a month, rather than the almost £4 billion a month for furlough - staunch the rise in unemployment? Subscribe to our channel here: goo.gl/31Q53F
Chancellor Rishi Sunak has said it is "impossible" to predict how many jobs the government's new wage subsidy scheme will save.
The scheme, set to replace furlough, will see the government top up the pay of people unable to work full time and aims to stop mass job cuts after the government introduced new measures to tackle a rise in coronavirus cases.
The chancellor said he hoped the plan would "benefit large numbers", but he could not say what job is "viable or not".
Can the chancellor’s new package hold back the tide of unemployment?
Political Editor Nick Watt reports.
Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.
Website: www.bbc.co.uk/...
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Pure scam.
So how about those who’s furloughed ended but have no work to go back to because the government have restricted everything again
I think they fall into the "I can't save every job category".
It’s currently known as universal credit.
As sad as that is...i think that is the only thing that will wake people up, and cause people to take action! The government are basically laughing at eveyone while they keep the big HOAX going.. until people get together and take action. It will keep happening...
@@k1ortia what are people vaccinated with if it does not prevent you catching the virus and passing it on?
@@saraswatkin9226 Exactly? if you can still catch the flu, get infected and still pass it on, why such Global marketing to try and get everyone jabbed? if you cant see its nothing to do with a virus , then you truly are blind
Are we buying any of this CROC ...... NOPE
I come, I dislike, I leave.
Sign and share Repeal the Corona Virus Act 2020
petition.parliament.uk/petitions/313310
This 324 page Bill was rushed through By Decree in 24 hours without any serious debate.
basil fawlty you’re right, but commenting helps them too unfortunately
basil fawlty lol, what can you do eh?
There is now a moral duty to resist this fraud.
MrB1923
Too bloody right! Peace ✌️ and love to you!
U
U
777h
I keep telling people you think you’re fine for now with your job just wait it’s about to become mad max soon
Dont be so dramatic.
I wish. I'm sure Lord Humongous wouldn't tell me I lack experience in plundering so unfortunately my application has been unsuccessful
Robocop will keep the peace...
@@perrymarshall8584 Quite right sheep are docile creatures unaware of dangers outside of their field.
Well fuck. This aged quiet well. How'd you know about the fuel crisis?
This is tyranny! I've already lost my job because of this stupid lockdown!!! Open the country, let people work, protect the vulnerable. GO FULL SWEDEN NOW!
czcams.com/video/FDZPoAouh9M/video.html
"Will the Chancellor's Job Support Scheme curb the rise in unemployment?" in short, no.
Sign and share Repeal the Corona Virus Act 2020
petition.parliament.uk/petitions/313310
This 324 page Bill was rushed through By Decree in 24 hours without any serious debate.
@@pachamamatv4364 Have you seen who started that petition? Suggest you and your fellow morons google it.
czcams.com/video/FDZPoAouh9M/video.html
Why should it, he cant save every job and would be stupid to try. People must learn to adapt and evolve just as the labour market does.
For some Covid has been a very positive experience changing their jobs for the better.
@@jjefferyworboys8138 the market is devolving humans are no longer needed for many jobs the economy is collapsing and will never recover
All I want to say is they don’t really care about us.
Is that a Michael Jackson quote ?
Who spent £50,000 on lunches this year ❤️
twitter.com/ClareWills9/status/1332077242990604290?s=20
No. In very simple terms companies are waiting for the end of these schemes before they make employees redundant
Yeah that's the point. The point is to keep the jobs there until the demand jumps up again.
@@alexturlais8558 Admire your optimism
@@Mike_5 .. optimism? Diplomatic of you!
@@garydavid1788 Yes i think it is obvious that people are going to get the chop soon when the schemes end ...
czcams.com/video/FDZPoAouh9M/video.html
11 million people have died in my street alone, Professor Ferguson counted for me.
The second coming should see that rise by another 22million. .... apparently!
czcams.com/video/FDZPoAouh9M/video.html
Are you joking? How long is your street exactly? There is no street long enough in this land to have that many homes on it, even if it were supplemented with homeless people sleeping shoulder to shoulder. I suggest you go back to school and resit your GCSE maths. Signed: Boris Johnson, YOUR Prime Minister.
@Marvin Mummy, Mummy. Can I play with Granny? No dear; you've already dug her up twice this week.
Leave people alone, they are better placed than the bureaucrats to act in their own interest. The £300,000,000 is paid by taxpayers not "the government".
Exactly, there is no such thing as the government's money.
PAID. Honestly, why should anyone have respect for your opinion, when you can't even spell a basic word?
@@kicka11 Honestly; incorrect conjugation doesn't alter the sentiment. It's up to you how much a gross oversight on a throwaway comment matters. To err is human, don't know how it slipped through the cracks though... posting when tired perhaps.
colin young not worth losing sheep over
People work and run businesses, pay tax and the Government use that money to provide services, law and order, defence etc. It doesn't work the other way round where Government pays businesses to keep staff on that they don't have any work for, thats been tried all over the world in the last few hundred years and it's never worked once, it always makes things worse.
It's embarrassing what a poor grasp we seem to have on basic economics
Clown Bojo and his court jester Rich-tea biscuit.
How does that work for people who work within the aviation industry? People aren't flying & airlines are grounded 🤔 How can you get income if no one is traveling abroad?
no it will actually increase unemployment this guy is the most incompetent plank in this office
@Frogsquatch it seems to be so but where are the guys who stand up and say enough is enough you will not be allowed to destroy uk economy further
Employer will pay ?is he having a laugh they are struggling as it is.
I can see many being unemployed in the next few weeks.
You wont see any of these over paid MP's cutting back on their wages free houses and expenses.
The only thing that will curb unemployment is to stop perpetuating the Covid lockdown. Protect the vulnerable and get on with our lives!!
Sell gold. Drives gold down. Buy gold, drives gold up. Just like Last time. When gold was at its highest price in history. Then 1000% down in a week. Am l lying? No. What made that happen? COVID. In a month, back up to normal.
UNIVERSAL BASIC INCOME - NOW!
Just delaying the inevitable.
Government easily can make money from immigrants. Grant them 5 years visa and take money 💰 5000
@K Ahmed - I thiink you;ve hit the Nail Directly and Accurately on it's head, my Friend! This puts so much in perspective now. So...If this be the case.... Let;s just see how it goes....... I guess.
Governments can print money at will, remember that? Just look at the federal reserve. Money is just a tool to keep people enslaved, when you think about it, it has no value at all. Only because a coperation says it does. Its not backed by gold or silver, which it used to be..
Ahmed is 100% English
1:49 Lady in the red jacket : "Can I just remind everyone this was my idea?! ...that's all."
You can't prevent the inevitable, unemployment will rise before things will get any better.
Sign and share Repeal the Corona Virus Act 2020
petition.parliament.uk/petitions/313310
This 324 page Bill was rushed through By Decree in 24 hours without any serious debate.
we need to eat the babies omg you don’t understand how many times I’ve been saying this to everyone but they all refuse to listen to me
czcams.com/video/FDZPoAouh9M/video.html
Absolutely right. The world of work has changed and so must people. For some people and businesses Covid has been a very positive experience . Online business has increased substantially and working from home improves people work/life balance and saves companies money, a win/win.
No one who has commented has recognised this, they are so negative and angry. Where has the will to succeed gone ?
@@jjefferyworboys8138 your a bot or a person working for a tech company. Theres no way working from home is better for peoples mental health and well being. Communuties were built around people meeting up in public places now they are being destroyed. The government still go to work at the houses of parliament why cant we
Who are the owners of the Bank of England ?
You are mate. Need a key to make a withdrawal? Try your MP or find something less subtle at ScrewFix.
So if you've been made redundant and can't pay your mortgage, oh well, sad day for you?!?
gloriakmm yep. Like me. Was an airport worker now 6 months out of work and no hope of going back.
Where all in it together, but i don't see any mps loosing there jobs, i don't see them taking a pay cut, i wonder if there getting there yearly pay rise this year, yes they will keep that one quiet i bet.
I am freelance and can not just 'work' part time, I either have a contract or I don't .......My Ltd Company will be bankrupt at the end of October.Have never claimed a bean in 30 years and now worse off than boat people.
@Frogsquatch you are right there Frog, luckily I am well prepared and have been planning for a financial meltdown for years including being based in Eastern Europe which is coping much better
People are going to be homeless within a month. If they forcing rents down fine but I know that's not happening.
Taxes are there to support the people who pay them yet the government sits on the piles of money we give them and won't support the people.
official office for national statistics : Week 36 UK deaths. 31 Aug - 6th Sep - 7500 deaths - 58 covid. 5 year average for the same period - 9,000 deaths - 500 seasonal flu dead.. aye
Borrowing yet more money is not the answer. End the lockdowns, get back to normal, and get the economy back on it's feet! The virus is not the problem. The Government is 100% to blame for the mess this country is now in.
More "viable" lies...
I'm an agency worker in events. When the furlough scheme changed and companies had to pay out of their own pockets the furlough went. Assuming the agencies paid out at all which some did not. So for months, I've had a slow trickle coming in and now I now have no income, job prospects aren't looking great. I got a knee op on Monday and I'm starting to become concerned. I'm running out of money
So in essence, a weeks wage, out of every month won't be paid for another 6 months... that's £1000 + from every normal working household for that period. It's just not going to work, when the old adage is, everyone is one wage packet away from poverty.
Why would the employer opt for this new scheme? They have to pay more per hour worked than normal. Would be more sensible for them to just reduce staff.
I think this plan will increase unemployment, if staff work 1/3rd of their hours then the company is paying each employee 70 percent more for the hours they work. If they get rid of 2/3rds of staff and give the work to one person they pay 0 percent more. The hardest hit industries by the curfew will get rid of staff and then just rehire them in 6 months if they need them, it's not like they are going to find another job in that time.
STOP MAINTAINING, START CREATING.
What you creating and stop being nursed by a government ,think and do whatever you can or are you waiting for the government to tell you what to do
I wonder why comments are allowed on this video but not on your "to hell and back" the story of a Syrian refugee. He got cleared of s assault but now he's been convicted of it. I think you should report that too. It's all proper properganda and you have a history of protecting wrong uns. J Saville is a prime example. That's why I'd never pay a TV licence in my life if your paying TV licence it's like paying people to protect abusers
Such an incompetent bunch of hurray Henry's.
Hurry with my curry
I'm coming to save you
From you life's biggest ever poo
You've nothing left to do
Just leave it up to mamma Bojo and auntie Rich-Tea
To make it all better, we'll love you and kiss you and hug you ...
Oh, sorry, we cant do that. Sorry mate, social distancing. No hugging or kissing permitted, unless you've a giant body-sized condom. Have you?
and you could better, be part of the solution , not the problem
Ben Fizz they got in by default because the labour candidate was a dreadful option, Boris is a bumbling baffoon totally out of his depth.
@Ben Fizz If it had been normal times he would have bumbled through, But the way things are we are stuffed.
Ben Fizz indeed
Absolutely nobody's asking the question "where is all this money coming from", the quintessential magic money tree, the enigmatic bottomless pit of stored cash, it's a question from the only guy that can ask it to the only guy that can answer it, Paxman v Chancellor
Michael McCarter although the media were reporting massive riots in Belarus to depose Lukashenko, it was all false. Trouble whipped up by the same people who tried to kick off in Ukraine to get them into the EU and away from Russia. Lukashenko refused millions €€€€€ (twice) to put his country into lockdown. The money was in the form of loans from the IMF who were handing it out but with strings attached and he said no, like a naughty boy. I imagine Doris and his crew all shouted yes in unison and moved on to the next step quite smoothly.
All money is created out of debt. The government can create as much money as it likes. The issue however is that the more money created the less valuable it becomes thus increase in inflation. See Germany 1930s and more recently Venzuala.
Liam Gately don't presume to lecture me on fiscal matters my friend, I am well aware where the money comes from and your retort that its creation is created by the government is only partly correct, as an accountant, I know this false birth of wealth seemingly arriving from nowhere, is the most simplistic avenue, but in the darkest corners lurk very shady organisations who lend for considerable profit that nobody challenges, and that is the question stripped bare
Michael McCarter so then you know it doesn’t come from a cash store as implied and is indeed created out of debt. I didn’t say it is created by government I said it can be created by government. It so happens the vast majority is created by private banks. If you are well aware of how money is created you would never attempt to use nonsense terms like magic money trees. I’m not sure why you being an accountant would make you an expert in banking law, economics or monetary systems. But like biologists claiming expertise in physics because they are scientists.
Ireland is paying everyone 350 euros a week
UK we might give you 20% of wages 😒
at some point, the Irish will have to pay it back. It's all borrowed from the same central banks and they will want it back with interest.......
@@blackpilldealer6797 who owns the central banks?
There's 70m people in UK...money doesn't grow on trees...
@Dale Gribble - Brexit first...
I’m from NI and a catholic, down south is Europe’s lapdog and I hope they build a wall between us as they take anything in when told to by their master.
He used to work for the Goldman Sachs group....enough said
This is the british government we're talking about!...
The BBC should shoulder the blame for destruction of many peoples careers. Covid Hysteria and wrongful “fear” tactics. Utterly despicable reporting.
Not supporting jobs and businesses, especially local operators and SMEs just means more people on the dole, which still costs the taxpayer.
Just ban those dirty squalid unsustainable "old jobs", like pub workers, restaurant workers, church workers, theatre workers, sporting event workers. You don't see people leading ponies into the pit any more, do you?
@@guff9567 Not supporting jobs means they end up on the dole, plus more local businesses and SMEs going under.
It isn't a saving to not support these jobs.
@@telectronix1368 Just what I'm saying. Why support a cvd-spreading lifestyle? People need a good slap in the face and to change direction quick sharp. NOT to be left following a lifestyle that is clearly deluded.
czcams.com/video/FDZPoAouh9M/video.html
@@guff9567 My comments really aren't what you're saying.
A tory govt hoping to 'save' some of that annoying old "supporting people" stuff will end up with a larger benefits bill as a result, plus less businesses.
But who is going to pay and when and for how long
God its fucked up watching considering that over here in Ireland our government have kept up PUP payments from the start and we have much less money than the UK have.
Will somebody please but him a decent suit that fits
Government doesn't mention about freelancers again...
Not good enough "we'll do what it takes" what about the entertainment business? Spain, italy and Ireland increase furlough for 2 years??? Joke! What about the entertainment insustry?
people dont look at the knock on effects of working from home, while at work your not usually heating your house, now if working from home you will be heating it 24/7 and besides the lower income you now have greater expenses, worse for the people who had a travel allowance and now wont....
This has done nothing for job creation!
They are just delaying the redundancies, they are boiling the frogs slowly
This government is MAD
Muppets
unprofessional having soundtrack. plus the person doing commentary has been selected to make it sound more working class. bunch of dilussional people
Just print the dam money and fill pockets 😂 😂 😂 😂
Here's a strategy to cover unemployment ... LET PEOPLE WORK
🤦♂️
Its about time to overthrow these clowns.
The time to do that was about 6 years ago, when people were dieing as a result of nasty unnedded austerity.
there would be absolutely no such thing as unemployment or a shortage of jobs in an intelligent world that made it financially worthwhile for people to SHARE the jobs we NEED people to do and work LESS....but there isn't much sign of intelligence in this world. People work and do anything FOR money instead of just concentrating on doing the work we NEED, it's almost only by luck that the work we NEED to have done is being done at all.
In a simple word. No.
This new scheme will not work. If the employee is working part time there is a reason and the reason is there is not enough business to justify operating full time and the employer is cutting costs to survive. . This scheme asks the employer to increase the hourly rate for part time hours adding costs rather than reducing them.
Sweden doesn't need job support schemes....
They have 57 deaths per 100000. Their neighbours with similar cultures and public behaviour average 8 deaths per 100000. Sweden have killed a lot of people with their model.
@@AWhileHanlin Rubbish.
You can cherry pick false COVID numbers all you like but the bottom line is deaths for all causes and so far in Sweden for 2020 it's normal.
When you joined the army did you think you were joining "the good guys"? Working for a propaganda unit using disinformation from a Brigade crib sheet isn't good. You guys have some serious thinking to do.
Let people work!!! Stop this madness go back to normal.
No work.
Not even for constipated maths teachers
Who cannot not work it out using pencils
And ended up resorting to logs instead.
The multi millionaire who understands the problems people are having with high cost of living, inflation outpacing wage rises and heating bills rises.
He's not the worst Gov't minister as the competition to the worst is very tough.
Can you please enable comments for the Russel Brand interview from 7 years ago? I am far more interested in what he has to say about operating outside of the current political infrastructure.
Money doesn't grow on trees...already too generous...the Government should offer less...
Youll get last years tax back what a joke
It would cost much less to protect the vulnerable than to lockdown the healthy. Let us go back to work
Last upload was 7 months ago, is there something I am missing?
What about those who lost jobs!!! How will you support them to find new jobs
Stay at home and get 80% Go to work and lose 1/4 of your pay How the fuck does that make sense ???
Rishi Sunak , one of the few conservatives who at least shows some integrity and sincerity . Although the bar is set very low !
With unemployment looming for many ,isn't it time to be financially supporting people whilst they re-train and re-educate . Hope is better than fear !
No
That is completely unworkable scheme for people who lost jobs. Because if you lost the job, then how will you get the third of working hours?! Secondly, like Furlough scheme this plan still depends on employers actually participating. I know many people where employers have actually decided not to participate in Furlough scheme and employees have to quit, to at least be eligible for unemployment benefits (over alternative - you don't come to work, but you will get nothing).
Further, it seems government is only concerned about preserving businesses, but don't care about employees...
What’s up with this channels logo? Is it the Azov battalion logo?
woopee.. the Government is going to cure unemployment as well as death. This governing thing is easy peasy.
You keep saying what you can do for the people who can't work but what about the people that do work and have worked throughout it?
Then count yourself lucky
The really question is why the fuck is the song arabella being used for the chancellor's new plan. Fucking insane
Nice way to give everyone a paycut...are you going to force supermarkets to bring down prices...milk is now £1.35 from £1.09 since start of lockdown.
Workers need their cups o tea.
And not one politician seen wearing a mask- where are the fines?
BBC Newsnight do your job and investigate the claims made by the government about the doubling of cases and deaths. Interview people like Dr John Lee, interview the Oxford experts. DO YOU JOB
There will have to be a basic universal allowance for everyone. I thought this maybe in circa 15 years time without corona virus crisis, with technology replacing people and population rise, capitalism was always doomed to fail the ordinary person.
It is unacceptable that many companies avoid paying tax, keep profits in the good times then want taxpayer funded bailouts now. Business should have taken out business insurance that includes cover for losses resulting from the pandemic rather than expecting government taxpayer funded bailouts.
What about Turkey killing children in northern Syria?
no factcheck youtube?
2:26 holy cow do I spot an old BSB Squarial!? That has probably not been used since 1991 at least
Be like me STOP PAYING THE LICENCE TAX....STOP EN MASSE and they will be OVERWHELMED and their crass entitlement will end.
It is absolutely inconceivable that Indians would ever accept an English finance minister.
Undoing brexit is unscrambling an egg
If the is no jobs noone will employ anyone and pay him half of the wage
"Invisible enemies" I think you only need a microscope to see your enemy
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin
As a beginner trader you like to take the opportunity to earn a lot of money... Get a professional broker and start a career in bitcoin trading
Bitcoin trading nowadays is a big change to make money
BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD
Crypto is the future, trading crypto has become a lucrative way of making money 💵
Stock are good too
Sorry BBC... why did you leave Parliament, ending on an opposition criticising the sitting government. I mean... you're neutral right. There is no bias. Yet you didn't stop after Rishi spoke... noooo, you needed to let a dig get in there and then ignore the response.
BBC stop being this way.
I am referring to 90% of what they do
Whos clever idea was it to shut down the bbc newsnight youtube channel and move future content over to bbc news? I wont be suscribing to BBC news because I dont want a dozen news bulletins messing up my subscription feed each and everyday instead of the one full length report I had originally suscribed to this channel tp recieve.
Goodbye and good luck with the move guys... 👋👍
Most people live month to month. Everyone is still going to receive less than the norm, so slowly but surely everyone working will go into debt.
Also some business cant afford this, there is going to be mass unemployment.
Clapping will resolve all these issues by thanking each other.
We actually pay for this garbage.
Who is here for the comments?
myself
NO! easy answer