Europe

Britain will allocate £4.3 billion to fight unemployment

The government will set aside £4.3bn ($5.7bn) to tackle massive unemployment, the risk of which has increased as a consequence of the economic caused by the pandemic. This was announced on Tuesday by the PA agency, citing an overview of the upcoming government spending on the provision of public services, which the Minister of Finance of the United Kingdom Rishi Sunak is to present in Parliament on Wednesday.





According to him, £2.9 billion ($3.9 billion) of this amount will go to the implementation of the three-year Restart program, designed to help more than 1 million unemployed people return to the labor market. It will be designed primarily for those people who have been unemployed for more than a year, with an emphasis on representatives of an older population group who are in a particularly vulnerable situation.

Another £1.4bn ($1.9bn) will go towards additional funding for a government agency helping people get jobs.

Speaking in the House of Commons ahead of the budget spending plan, Sunak said his “top priority is to protect jobs and livelihoods across the UK.” “This spending review ensures that hundreds of thousands of jobs are supported and protected in the acute phase of the current crisis and beyond with a multibillion-dollar investment package. They ensure that no one is left in this country without hope or opportunity,” he added.



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