Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government's support for the economy through the coronavirus crisis.
LONDON - Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government’s support for the economy through the coronavirus crisis.
Finance minister Rishi Sunak has rushed out emergency measures worth an estimated 133 billion pounds since the start of the crisis, mostly to keep people in jobs after many businesses were forced to close due to the COVID-19 lockdown.With the economy beginning to re-open, Sunak will give an economic update on Wednesday where he is expected to outline further measures of support for workers and businesses.
But with most of Johnson’s headline spending previously announced, attention has turned to Sunak for more details on fresh plans to support the recovery. As finance minister since February, Sunak has been widely credited for acting decisively with a job-retention scheme which has seen the government pay 80% of the wages of furloughed workers, and an emergency loan programme for businesses.
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