Displaying items by tag: Rishi Sunak

A new government scheme is enabling churches and charities to support some of the most vulnerable in the job market. The pandemic has disproportionately impacted those aged 18-24. Between March and August there was a 124% increase in claims for Universal Credit from people in this age group. With the economic future remaining uncertain, Rishi Sunak announced a new job creation scheme to help avoid damaging long-term employment for young adults. Dubbed the ‘kickstart scheme’, this package of support will subsidise the employment of 16 to 24-year-olds by providing six-month quality work placements that don’t cause existing employees or contractors to lose work; give a minimum of 25 hours per week for six months; paying at least the national minimum wage for their age group; and should not require people to undertake extensive training before they begin the job placement.

Chancellor Rishi Sunak delivered his first Budget in the House of Commons on 11 March. Parts of it appear to have been written at the last minute as coronavirus spreads across the nation. His spending plans include a £5bn emergency response to support the NHS and other public services with statutory sick pay for all who choose to self-isolate, even if they don't have virus symptoms. Benefit claimants will be able to claim sick pay on day one, not after a week, and there is a £500m hardship fund allocated to help vulnerable people. To try to save businesses from liquidation, firms with fewer than 250 staff will be refunded for sick pay payments for two weeks, and small firms will be able to access ‘business interruption’ loans of up to £1.2m. Business rates will be abolished for firms in the retail, leisure and hospitality sectors with a rateable value of less than £51,000.

Sajid Javid has shocked Westminster by quitting as chancellor of the exchequer in the middle of Boris Johnson's cabinet reshuffle. He rejected the prime minister's order to fire his entire team of aides, saying no self-respecting minister could accept such a condition. He has been replaced as chancellor by chief secretary to the treasury Rishi Sunak - who just seven months ago was a junior housing minister. Mr Javid’s resignation follows rumours of tensions between him and the prime minister's senior adviser Dominic Cummings. He said his advisers had worked ‘incredibly hard’, and he could not agree to them being replaced. ‘I felt I was left with no option but to resign’, he said, adding that Mr Sunak and the rest of the government retained his ‘full support’. Downing Street said there would now be a joint team of economic advisers for both the chancellor and prime minister. For full details of Mr Johnson’s cabinet reshuffle, see