Reaction: Rishi Sunak to unveil £2bn youth jobs scheme to tackle Covid crisis

Chancellor also expected to announce stamp duty ‘holiday’ and VAT cut in bid to boost post-lockdown economy

Rishi Sunak
Chancellor also expected to announce stamp duty ‘holiday’ and VAT cut in bid to boost post-lockdown economy
(Image credit: Heathcliff O'Malley/WPA Pool/Getty Images)

Rishi Sunak is set to announce plans to pay hundreds of thousands of young people to take part in six-month job placements during the economic downturn triggered by the coronavirus pandemic.

People aged between 16 and 24 who are on Universal Credit and at risk of long-term unemployment will earn a total of £5,500 for working, while businesses will receive £1,000 for taking them on, The Times reports.

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