Tag: losses

Banks propose ‘student loans style’ scheme to avert job losses

Image copyright NurPhoto UK banks fear that up to 800,000 businesses could go bust in the next year if they are unable to defer repayments on government-backed loans. The lending industry is proposing a student loans-type scheme, where coronavirus loans can be converted into a tax debt repayable over a decade. Like student loans, the money would only be repayable… Read more →

Airbus job losses ‘utterly devastating’, says Welsh Government

Image copyright Getty Images Image caption Airbus employs more than 6,000 people at its site in Broughton, Flintshire Plans to cut 1,700 UK Airbus jobs have been described as “utterly devastating” by a Welsh minister. Economy, Transport and North Wales minister, Ken Skates said a “huge number” of workers would be extremely worried by the announcement. The UK losses are… Read more →

Sir Tom Hunter: Social distancing rules could mean mass job losses

Image caption Sir Tom Hunter has warned governments against “hiding” behind science when considering reopening businesses Leading figures in business have warned of mass unemployment in Scotland when the furlough scheme ends. Scotland’s first ever billionaire, Sir Tom Hunter urged the Scottish and UK governments against “hiding” behind scientists to keep “nonsensical” social distancing measures in place. He called for… Read more →