Today the headlines focus on coronavirus, but that will soon change. In six months’ time, I fear they will be about jobs and employment. And they will make for grim reading. In the United States, unemployment as a result of the virus has risen to between 15 and 20 per cent of the workforce: That’s at … Read more
The blanket two-week quarantine on travellers coming into the UK will blow a £650million hole in the economy every week, experts said last night. It will wipe out the summer holiday season, which brings in £9billion in a normal year, leading to tens of thousands of lost jobs, say business leaders. Tourism makes up around … Read more
The revelation that Dominic Cummings, the Prime Minister’s chief adviser, drove from Islington in London to County Durham during lockdown restrictions with his wife suffering from coronavirus has been headline-grabbing news since Friday. Some have questioned if the 264-mile journey was feasible in his diesel Land Rover Discovery Sport without having to stop for fuel after … Read more
Since the start of the lockdown, James Reed has been running his billion-pound family business from a makeshift office in his attic. As Britain’s biggest recruitment company, REED is uniquely well-placed to see the devastation the coronavirus is wreaking on the economy and how desperately the nation needs to get back to work. ‘The job … Read more
First sign of hope? UK economy plunge in output is FINALLY slowing as businesses find ways to operate amid lockdown – but experts warn is still mired in ‘unprecedented downturn’ Closely-watched index suggests rate of decline in the UK economy is slowing The IHS Markit PMI index still shows the situation is worse than the credit … Read more
A former Conservative Party leader has called on the Prime Minister to reconsider the two-metre social distancing rule to ‘get the economy moving’. Iain Duncan Smith said the UK is the ‘only country in Europe’ using the measure, with Germany using 1.5 metres and France and Italy using only one metre. The former Cabinet minister’s … Read more
Men worry about the economy during COVID-19 while women are more concerned about the wellbeing of their friends and family, study finds Men are more concerned about the economy and wide-scale impact on society Women are more anxious about the impact of COVID-19 on their loved ones UCL piece of research also found women express … Read more
GDP fell by 5.8% in March as the coronavirus dealt a hammer blow to the economy – and analysts expect WORSE to come By Joe Middleton For Mailonline Published: 07:15 BST, 13 May 2020 | Updated: 07:20 BST, 13 May 2020 The UK economy contracted by 2% in the first quarter of 2020 after plunging … Read more
Florida has now officially reopened with most coronavirus restrictions being lifted as of today as about half of all US states partially reopen their economies after the lockdown. As part of the reopening in Florida, which has seen 1,300 deaths and 36,000 infections among its 21.5 million residents, retailers and restaurants across much of the … Read more
People across the country are slowly trickling out of quarantine and heading to local parks, beaches, and the few businesses that are up and running as states begin to reopen. So far 31 states in the US have lifted some coronavirus lockdown restrictions with most governors restarting the economy in phases, starting with allowing retailers and … Read more