PUBLISHED: 15:26, Sun, Jul 12, 2020 | UPDATED: 15:26, Sun, Jul 12, 2020
Chancellor of the Exchequer Rishi Sunak announced a number of measures being brought in in the coming months this week, while delivering a summer statement. Among the new announcements was the Kickstart Scheme, which aims to provide support for young people who are at risk of long-term unemployment.
The Coronavirus Job Retention Scheme - which is also known as the furlough scheme - was announced in March this year, and has helped employers to pay the wages of nine million employees across the UK, according to the government.
Meanwhile, 2.7 million people have successfully claimed financial support via the Self-Employment Income Support Scheme.
During this ongoing crisis, the number of claims for Universal Credit has surged.
Since the start of March up to June 2, 3.1million individuals in 2.5million households have made a claim for the six-in-one benefit.
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Universal Credit UK: Rishi Sunak announced the kickstart scheme for young people this week (Image: GETTY)
Universal Credit UK: Claims for the payment have surged in recent months (Image: GETTY / EXPRESS)
In mid-February, there were 2.6 million households on Universal Credit, as part of a decade-long rollout of the benefit - set to last until 2024.
While updating MPs on his plans for boosting the UK economy in the House of Commons on Wednesday, the Chancellor announced a £2billion Kickstart Scheme.
He said: "The Kickstart Scheme will directly pay employers to create new jobs for any 16 to 24-year-old at