Business and Economics

The OECD is forecasting that up to 14.8 per cent of the workforce could be unemployed if a second wave of Covid-19 hits Britain.

Under new guidance employers can now ask staff to return to the workplace even if they are able to work remotely.

The brand has been rescued by newly-formed company Calveton, in a deal which could only protect 20 restaurants and 551 employees.

It is the worst drop in history.

The retailer has already created 2,800 new permanent jobs this year after grocery sales surged in the face of the coronavirus pandemic.

NIESR hailed the Government’s coronavirus job retention scheme but called on the Chancellor to extend it into next year to preserve jobs.

Trade union Unite claimed the airline has published a timetable to ‘fire and rehire’ thousands of workers on August 7.

Forecasters EY Item Club, who use a similar economic model to the Treasury, suggest that unemployment will balloon to 9 per cent from 3.9 per cent in that period.

The GMB union said directors have been paid an ‘astonishing’ £31 million, while cutting thousands of jobs.