Tag: Coronavirus

Coronavirus: Hit to global economy ‘will be less than expected’ in 2020

Image copyright NOAH SEELAM The damage to the global economy this year will be less than previously expected, but still “unprecedented”, a leading international body says. The Organisation for Economic Cooperation and Development now predicts a decline of 4.5% in 2020, versus the 6% drop forecast in June. It means it no longer expects the UK to have the deepest… Read more →

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Coronavirus: Impact of virus ‘made NI recession 10 times worse’

Image copyright PA Media Image caption There are concerns unemployment could spike when the government’s job retention scheme closes at the end of the month The recession NI was already facing has been made 10 times worse by Covid-19, a committee has heard. Stormont’s economy committee has been hearing from economists on how the pandemic has affected economic growth. Ulster… Read more →

Coronavirus: More than 30 job losses at Hillsborough Castle

Image copyright Heritage Lottery Fund Image caption Hillsborough Castle reopened last year following a £24m refurbishment More than 30 staff at Hillsborough Castle in County Down are to be made redundant. The 100-acre site is run by Historic Royal Palaces and is the official NI residence of the Queen. The charity said that like many tourist attractions, it had been… Read more →

Coronavirus: Lockdown ‘blessing’ for women setting up business

Media playback is unsupported on your device Media captionVivienne Jade Read started a new catering business during the coronavirus pandemic Lockdown has been a “blessing in disguise” for Vivienne Jade Read. Struggling to balance childcare and her work as an insurance consultant during the Covid restrictions, she decided to set up her own catering company. Vivienne is one of a… Read more →

Coronavirus: Could UK adopt German pay top-up scheme?

Image copyright EPA Image caption Mercedes and other German carmakers have used government money to subsidise wages Unlike the UK, the Germans didn’t have to invent a job support programme from scratch when the pandemic struck: they already had one oven-ready. While British companies were getting to grips with the novelty of furloughing workers at the government’s expense, their German… Read more →

Coronavirus: The women who started businesses in lockdown

Image caption Natalie James, Charlie Pears-Wallace, Mya Wander and Caroline Haegeman The coronavirus pandemic has hit businesses hard, leading to sweeping numbers of redundancies and millions of workers being furloughed. Despite the downturn, some people have decided to take the brave step of starting a business. We spoke to four women about why they did it and how their ideas… Read more →

Coronavirus: NI firms’ recovery stalled in August, says survey

Image caption Despite August’s Eat Out to Help Out scheme, NI’s service sector recovery is lagging behind GB Economic recovery in Northern Ireland stalled in August, according to an Ulster Bank survey. Every month it asks private sector firms about staffing, exports and new orders in what is considered a reliable indictor of economic performance. While retail and construction initially… Read more →