Bank of England offers hope for economy as it says Covid downturn might not be as bad as feared – but GDP will still shrink 9.5% this year and unemployment will hit 7.4 per cent as 135,000 people already face losing jobs The Bank of England has published its latest quarterly report on the UK … Read more
ALEX BRUMMER: Europe’s feeble bail-out will not be enough to head off large scale unemployment By Alex Brummer for the Daily Mail Published: 22:42 BST, 21 July 2020 | Updated: 23:14 BST, 21 July 2020 The longest summit in the European Union’s history finally has delivered a result. The £680billion Covid-19 rescue package breaks new ground. … Read more
I’m worried about redundancy: Can I apply for unemployment insurance even though I’m on furlough? By Will Kirkman For Thisismoney.co.uk Published: 07:41 BST, 16 July 2020 | Updated: 07:41 BST, 16 July 2020 I’ve been on furlough since March and it’s been extended to October – but I am worried my employer will make me … Read more
Government will pay £2bn in wages for 300,000 young people to keep them off the dole as Rishi Sunak puts jobs at the heart of his mini-Budget today Chancellor Rishi Sunak is set to announce a mini-budget on Wednesday The plan will set out how Britain’s economy will recover from the COVID-19 crisis Mr Sunak’s … Read more
Unemployment in Britain could soar to 1980s levels with 3.8million on the dole due to the wreckage caused by the coronavirus lockdown. Labour has warned that ministers need to do more to support struggling businesses as both main parties try to come up with ways to rescue the economy. Statistics from the House of Commons library … Read more
Chancellor Rishi Sunak is being urged to consider a four-day working week as part of efforts to overhaul the economy after the coronavirus pandemic. A letter signed by MPs including former Labour shadow chancellor John McDonnell, Green MP Caroline Lucas and Guardian columnist Owen Jones, argues for reducing working hours so that ‘work is shared … Read more
Fat cats accused of ‘virtue signalling’ as they revert to full pay while millions face unemployment By Tom Witherow For The Daily Mail Published: 21:50 BST, 17 June 2020 | Updated: 21:50 BST, 17 June 2020 Bosses of FTSE 100 firms have been accused of ‘virtue signalling’ by reinstating their full salaries as millions face … Read more
Stock markets around the world soar to three month highs after US unemployment falls By Hugo Duncan for the Daily Mail Published: 21:51 BST, 5 June 2020 | Updated: 21:51 BST, 5 June 2020 Stock markets around the world soared to three month highs as the US jobs market sprang back into life. As President … Read more
President Donald Trump seized on a new report showing a startling drop in unemployment Friday, then said murdered George Floyd was ‘looking down’ at the country and it was a ‘great day’ for him. Trump made the odd comment during a rambling 53-minute appearance celebrating the good economic news – which he said defied expectations … Read more
Scammers use encrypted messaging services to sell tutorials on how to steal unemployment from different states for just $50 worth of Bitcoin Scammers are flocking to encrypted messaging to sell fraud tutorials Tutorials on Telegram offer off methods of stealing unemployment They also offer instruction on how to avoid detection The tutorials can be purchased on … Read more