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UK unemployment rate could hit 15% after second Covid wave, OECD warns

Digital Desk -
Nearly one in seven people in the UK might be unemployed by the end of this year if a second wave of the pandemic...
ECONOMY

UK retail job losses: 24,000 and rising

Digital Desk -
More than 24,000 jobs have already been lost in the UK, across high street retailers in administration, in the first half of 2020 after...
BUSINESS

Coronavirus sees UK economy suffer largest fall since 1979 in first quarter

Digital Desk -
The UK economy contracted by more than first thought between January and March as the coronavirus crisis saw activity tumble 2.2% in the joint...
BUSINESS

Coronavirus: Local lockdowns in UK would be the ‘final straw’ for businesses

Digital Desk -
A Leicester shop owner has said businesses urgently need financial help if they are to avoid collapse due to the renewed lockdown placed on...
ECONOMY

AstraZeneca agrees to make Covid-19 vaccine for Europe

Digital Desk -
Pharmaceutical giant AstraZeneca has struck a deal with Europe’s Inclusive Vaccines Alliance to supply up to 400 million doses of an experimental Covid-19 vaccine,...
ECONOMY

Lufthansa warns 22,000 jobs at risk despite bailout

Digital Desk -
German airline Lufthansa has said 22,000 full-time jobs may need to be cut worldwide due to the drop in demand for flights caused by...
ECONOMY

Jobs boost for US as lockdown easing sees millions back at work

Digital Desk -
The US unemployment rate fell unexpectedly in May to 13.3%, still on a par with what the nation witnessed during the Great Depression, as...
ECONOMY

Businesses in UK told to start paying furlough bill from August

Digital Desk -
A final self-employment coronavirus grant is to be made available and businesses must start paying towards the worker furlough scheme from August, the British...
ECONOMY

Plans unveiled to manage London’s recovery from coronavirus impact

Digital Desk -
Plans to manage London’s recovery from the economic and social impact of the coronavirus pandemic have been unveiled. A new strategy has been set out...
ECONOMY

UK unemployment claims surge after coronavirus hits labour market

Digital Desk -
UK unemployment claims soared by more than 69% in April after the coronavirus lockdown gripped the labour market, official figures revealed. Britain's Office of National...
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