Image copyright Getty Images The US economy created jobs at a record pace in June as firms took on more staff after the coronavirus downturn. Payrolls surged 4.8 million, the most since the Labor Department began keeping records in 1939, helped by the reopening of factories and restaurants. It follows May’s jobs rebound, when 2.5 million joined the labour market,… Read more →
Image copyright Getty Images More than one million people have fallen through cracks in government schemes designed to support them during the coronavirus crisis, MPs says. The Treasury Select Committee called on ministers to plug gaps in the schemes to fulfil the government’s promise of “doing whatever it takes”. Freelancers and recent employees are among those who cannot access support,… Read more →
Image copyright Getty Images Image caption The schemes are intended to ensure those who cannot work have some financial support The UK government has said 774,200 people in Scotland have been assisted by the furlough scheme and self-employment support. The schemes were among measures introduced after the coronavirus lockdown to support people whose businesses could not operate. Official statistics show… Read more →
Media playback is unsupported on your device Media captionPersonal finance expert Martin Lewis says he wants an end to ‘furlough shaming’ online Some 8.9 million workers are now covered by the government’s furlough scheme, the Treasury has said. Claims for subsidies filed by employers have now reached £19.6bn, it added. The scheme, brought in to mitigate the effects of coronavirus,… Read more →
Image copyright Getty Images Some 8.4 million workers are now covered by the government’s furlough scheme, up from eight million a week earlier, the Treasury has said. Claims for subsidies filed by employers rose to £15bn from £11.1bn, it added. The scheme, brought in to mitigate the effects of coronavirus, allows employees to receive 80% of their monthly salary up… Read more →
Image copyright Noel Hillis Image caption Patrick has been in the top job at Greencore since 2008 The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Patrick Coveney, chief executive of convenience food group Greencore. When you are the UK’s largest maker of pre-packaged sandwiches the coronavirus lockdown is a… Read more →
Image copyright Getty Images A further 2.4 million Americans sought unemployment benefits last week, despite hopes that easing lockdown restrictions would help restart the US economy. The new filings brought the total since mid-March to roughly 38.6 million – almost a quarter of the workforce. The weekly figures have declined since peaking at almost 6.9 million at the end of… Read more →
Image copyright AFP More than two million self-employed people whose businesses are affected by coronavirus have applied for government grants, Chancellor Rishi Sunak has said. The value of the claims made so far is £6bn, he told the House of Commons. He said the money would reach claimants within six working days. The Self Employed Income Support Scheme is designed… Read more →
Image copyright Getty Images More than one million self-employed people whose businesses are affected by coronavirus have applied for government grants. The value of the claims made so far is more than £3bn, said tax officials. The Self Employed Income Support Scheme is designed to support people in a similar way to the scheme for furloughed employees. The grants are… Read more →
Image copyright Getty Images A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount. The new applications brought the total number of jobless claims since mid-March to 33.3 million– or about 20% of the US workforce. The number of new claims reported each week by the Department of Labor… Read more →