Virus Forces Sunak to Spend More on Saving U.K. Jobs, Firms

(Bloomberg) — Chancellor of the Exchequer Rishi Sunak will set out a new crisis plan to protect jobs and rescue businesses as the coronavirus outbreak forces the U.K. to return to emergency measures.

With Covid-19 spreading rapidly again, Sunak is having to provide more state support to avoid a surge in unemployment — just at the moment he had planned to scale back an already huge package of aid.

Ram Charan wearing a suit and tie standing in front of a door

© Bloomberg

Rishi Sunak departs Downing Street in London on Sept. 24

Photographer: Simon Dawson/Bloomberg

The chancellor has scrapped a planned autumn budget and will set out in Parliament on Thursday what he calls his “winter economy plan” to safeguard jobs in the months ahead.

“We are going to continue supporting the economy as much as we can,” Health Secretary Matt Hancock told BBC radio on Thursday. “We’re not able to support every job and every business, but what we’re

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Explaining Kurzarbeit, or Saving Jobs the German Way

1. How does Kurzarbeit work?

Businesses facing a temporary and unavoidable shortfall of orders due to a crisis — as is the case for many due to the coronavirus — can apply for the government to subsidize workers’ salaries while activity is reduced or put on hold. Kurzarbeit — pronounced KUHRTS-ahr-bite, and loosely translated as “short-time working” — typically covers 60% of lost net wages, which rises to 67% for people with children, and can be increased even further the longer it lasts. That’s more generous than what’s on offer to furloughed workers in the U.S. and elsewhere. Companies are still responsible for paying workers and must apply to get reimbursed by the state. The German government has expanded the program to include contract workers and cover social insurance contributions. Originally intended to run for 12 months, eased conditions for accessing the program were extended through the end of 2021.

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Saving jobs and remembering Plane Crazy Saturdays | News

Finally some good news from Sacramento.

Someone up there has used some common sense and drastically revised Assembly Bill 5, which threatened to put Bill Warford, Vern Lawson, Dennis Anderson and myself out of our jobs as free-lance columnists for this paper.

The bill was billed as “helping” workers, especially those of us who have chosen to join the gig economy.

That’s folks who work when and how they want to.

AB 5 was aimed at helping us whether we wanted to be helped or, for most of us, not “helped” at all, thank you very much.

It was primarily aimed at firms like Uber that compete with the established taxi and limo industry that feared some good old free enterprise competition.

It was also strongly supported by labor unions, many of them more anxious for power than helping workers, especially those who do not want to be “helped.”


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