What Sunak did was something so typically British. He took a German idea and copied it, and got everything wrong in the process of doing so.
OK, Kurzarbeit etc. Subsidy to putting people on short working hours.
What might have been a good idea turns into a disaster as a consequence. The reality is that employers with people on the scheme will be required to pay them at least 66% more per hour than they would pay equivalent full-time employees, and that differential only get worse when the fact that the employer has to pay the national insurance and pension contributions on the government’s contribution to pay is taken into account. This is likely to increase the cost per hour by more than 80%.
Well, the German system includes that same payment of social security contributions. Which are – around and about – double in Germany what they are in the UK. So that’s not making a German idea worse.
It’s the other bit. I’ve not looked at the details here and am not going to. So, over to you. What does he mean that pay is going to be higher for short timers than full?