Britain’s economy will shrink by 11% and unemployment will rise to 2.6million amid Boris Johnson’s latest lockdown, bank of England warns Governor Andrew Bailey said the Bank expects the economy to shrink again He said economic output would be 11% lower at end of the year than at the start Added that unemployment would rise … Read more
Britain’s economy will shrink by 11% and unemployment will rise to 2.6million amid Boris Johnson’s latest lockdown, bank of England warns Governor Andrew Bailey said the Bank expects the economy to shrink again He said economic output would be 11% lower at end of the year than at the start Added that unemployment would rise … Read more
Covid jobs crisis hits young people and ethnic minorities the hardest: More than one fifth of BAME workers and 19% of 18-24 year olds who were furloughed are now unemployed, report reveals One in five furloughed 18 to 24-year-olds have already been thrown out of work Resolution Foundation says it’s the worst jobs crisis for … Read more
Unemployment rate is revised upwards by 138,000 – from 3.9% to 4.5% – amid fears MILLIONS more will be on the dole queue by Christmas By James Tapsfield and Mark Duell for MailOnline Published: 07:24 BST, 13 October 2020 | Updated: 07:28 BST, 13 October 2020 Advertisement Unemployment has risen by 138,000 after official figures … Read more
Jobless total will soar to almost THREE MILLION by Christmas: Dire outlook as experts predict 1.5million people are set to lose their jobs before the end of the year The CEBR says new furlough scheme is ‘unlikely to prevent a major loss of jobs’ The new scheme will now pay two-thirds of wages for staff … Read more
Ministers admit they are bracing for unemployment to hit FOUR MILLION within months – as pubs warn they face laying off a QUARTER of staff Office for Budget Responsibility predicted unemployment could hit four million Therese Coffey said Department for Work and Pensions preparing on that basis But she said ministers ‘genuinely hope we don’t … Read more
Coronavirus wipes out 700,000 payroll jobs as unemployment rate spikes to 4.1% with 2.7million on benefits By James Tapsfield, Political Editor For Mailonline Published: 07:19 BST, 15 September 2020 | Updated: 07:37 BST, 15 September 2020 Fears over a wave of coronavirus redundancies were fueled today as figures showed a spike in unemployment. The rate … Read more
Rishi Sunak faces calls to extend furlough scheme to avoid cliff-edge and the risk of mass long-term unemployment when it ends next month Rishi Sunak has been urged to extend the furlough scheme after October 31 Prime Minister Boris Johnson has ruled this out, despite unemployment fears Up to £3.5b of furlough cash may have … Read more
The parts of Britain that are claiming the most Government help since lockdown started have been revealed. Blackpool topped the list of areas where working-aged residents claim Universal Credit, with 12.3% of the population, representing an increase of 5.1% since March. Birmingham is next with 10.9%, with Thanet third on 10.5%, then Wolverhampton on 10.4%, … Read more
Confusion still surrounds President Donald Trump’s executive orders on coronavirus relief as states say they can’t kick in the $100 a week toward extra unemployment insurance. Equally unclear is whether President Trump has the constitutional authority to extend federal unemployment benefits by executive order. Trump announced an executive order Saturday that extends additional unemployment payments … Read more