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
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: 07:33 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
A million people could lose their jobs this year as unemployment hits 7.4 per cent and GDP slumps 9.5%- but the Covid economic downturn might NOT be as bad as feared, says the BofE The Bank of England has published its latest quarterly report on the UK economy By James Tapsfield, Political Editor For Mailonline … 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 wages of up to 300,000 young people to keep them off the dole as part of Rishi Sunak’s £2bn plan to prevent unemployment surge during Covid-19 recession 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 … Read more