Economics
Sunak Boosts Jobs Funding Plan as U.K. Braces for Tough Winter
- Chancellor to spend 500 million pounds to get people into work
- Government faces growing pressure to help struggling Britons
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Chancellor of the Exchequer Rishi Sunak said he’ll spend hundreds of millions of pounds to help people find jobs, as he seeks to rebuild the U.K.’s pandemic-hit economy and as pressure builds over a cost of living crisis.
Household budgets are coming under growing strain after a cap on energy bills jumped 12% on Friday, wider inflation has surged above 3%, and the government is unwinding a series of measures that have helped workers and the unemployed through the Covid-19 outbreak.