Row over Rishi's £3bn jobs rescue: Bosses say scheme won't save jobs because there's 'little incentive' to pay wages of staff not in work while Next boss Lord Wolfson warns UK economy risks 'becoming HOOKED' on handouts
Rishi Sunak's £9bn Job Retention Scheme won't save jobs because there's 'little incentive' to pay the wages of staff not in work, an influential think-tank has warned. Business bosses have today stuck the boot into the Chancellor's much-trumpeted plan to keep people in work, while the chief executive of Next suggested Britain's economy risks 'becoming hooked' on Government handouts. The Resolution Foundation said the support scheme would only slow, rather than stop, the rate of job losses, arguing it 'will not live up to its promise to significantly reduce the rise in unemployment.' Mr Sunak said the Jobs Support Scheme , a form of wage subsidy, would be brought in after furlough is wound down at the end of next month – and last until May. It could benefit millions, but is far less generous than the furlough scheme – with the state's contribution falling from 80 per cent of a worker's wages to a maximum of just 22 per cent. Next bos