Business and Economics
Business and Economics News
10,000 jobs axed in one morning as scale of job crisis becomes clear
Burger King, Rolls-Royce, John Lewis and Boots all announced significant cuts to their workforce today.
Sunak announces half price meals every Monday to Wednesday during August
The discount can be used ‘unlimited times’ and will be available at participating restaurants across the UK.
UK unemployment rate could hit 15% after second Covid wave
Global jobless levels may end up being more comparable to those of the 1930s than 2008, officials said.
The UK’s looming unemployment catastrophe
With a recession set to be far worse than that of 2008, career prospects have never been more dire.
Wetherspoons boss Tim Martin hikes prices & demands tax cuts after receiving £48m Govt loan
Wetherspoons chairman Tim Martin said tax equality would help the industry ‘survive and thrive’.
No further extension to furlough scheme, warns Johnson
The PM says it is not ‘healthy’ for the state to keep on paying employees’ wages, despite fears of more job losses.
V-shaped economic bounceback could be short-lived, economist tells MPs
The IMF chief economist said going forward she thinks ‘we could end up with a much more flat’ recovery.
Possibilities beyond a stimulus: Angrynomics
With a bit of political will, there are creative long-term solutions to the problems at hand.
Furlough scheme could come back to haunt government as jobs crisis looms
Millions of people could currently be in 'zombie jobs', in that they require ad hoc policies to avoid postponed mass unemployment.