British Finance Secretary Rishi Sunak reiterated earlier warnings on Thursday that he could not save every job and that Britain was heading for a "major recession" affected by the COVID-19 pandemic.
A day after presenting a mini budget to parliament, the Indian Chancellor of the Exchequer admitted that despite his £ 30bn package of measures, he will not be able to "protect every single job" as the companies relent be reopened for three years. Shutdown month.
"I am absolutely concerned about the economic situation," he told & # 39; Sky News & # 39 ;.
"As I said, we are in a very significant recession. We know this is happening," he said.
He said the forecasts of mass unemployment "weigh on me a lot".
He added optimistically: "We don't want people to remain without hope or chance."
He urged the British to "have confidence" to "eat out again because of the measures that restaurants have taken" when he plugged in the new "Eat Out to Help Out" discount program to provide the hotel industry with government-sponsored discounts to help for restaurants.
However, he admitted that some of the £ 1,000 bonuses offered to take back staff on leave would go to companies that were already employing workers.
In his summer statement outside the House of Commons on Wednesday, Mr. Sunak said that the "job retention bonus" could cost up to £ 9bn if every worker currently on vacation stays on vacation.
Rishi Sunak repeated a Conservative Party manifesto to expand free parking for the disabled, frequent outpatients and parents of sick children who stay overnight, and night shift workers.
Rishi Sunak approached companies that have yet to be closed under the blackout rules, such as the beauty industry, and said that "very soon" there will be an announcement that companies can reopen next.
(Except for the headline, this story was not edited by NDTV staff and published from a syndicated feed.)