The Jobs Support Scheme will help workers on part-time hours as a consequence of coronavirus disruption to the economy.
Rishi Sunak has unveiled a new scheme to support wages during the pandemic but admitted that it will leave many facing an uncertain future.
The chancellor announced the new measures in a bid to avert a winter jobs crisis as the current furlough scheme comes to an end and tougher restrictions are introduced to combat coronavirus.
Mr Sunak’s plan will see the government, together with employers, top up wages for staff working as little as a third of their normal hours, for six months starting from November – so that they can keep their jobs.
Where jobs have been lost in the UK economy
It is designed to help those whose roles will be “viable” in the long term but experts immediately warned that it would not be enough to avert large scale unemployment in the worst-hit sectors.