Chancellor Rishi Sunak answering questions from media after delivering jobs plan

Chancellor Rishi Sunak answering questions from media after delivering jobs plan

Assessment

Interactive Video

Business

University

Hard

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The discussion revolves around the transition from the furlough scheme to the job support scheme, where employers will pay a higher percentage of wages. The Chancellor explains that the scheme encourages businesses to retain employees by sharing the cost of non-working hours between the company, employee, and government. The scheme is designed to help businesses through reduced demand periods without losing skilled staff. It has been positively received by business groups, highlighting its potential to protect jobs during challenging times.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern for businesses with the shift from the furlough scheme to the job support scheme?

Employee dissatisfaction

Lack of government support

Increased demand for products

Increased employer contributions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are the costs shared for the time an employee is not working under the job support scheme?

Equally between the company, employee, and government

Entirely by the government

Entirely by the company

Equally between the employee and the government

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the incentives for businesses to retain staff under the new scheme?

Higher employee wages

Increased government subsidies

Job retention bonus

Reduced working hours

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do most companies prefer to keep their employees during difficult periods?

To avoid rehiring costs

To maintain employee skills and business knowledge

To increase production

To reduce operational costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organizations have welcomed the job support scheme?

International Monetary Fund

Local Government Associations

Trade Unions

CBI and British Chambers of Commerce