Slowing UK job losses seen as ‘calm before storm’ | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 14%
  • Publisher: 86%

LONDON, July 16 — Fewer British workers lost their jobs in June and there were other signs that the hit to the labour market had eased off since the onset of the coronavirus crisis, but economists said unemployment remained on course to jump. The number of employees on company payrolls slumped by...

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

People are seen walking on a street in Manchester, following the outbreak of the coronavirus disease in Manchester, Britain, May 4, 2020. — Reuters pic

However, June’s drop of just over 74,000 was much smaller than April’s 450,000 tumble and was smaller than the fall in May too, the Office for National Statistics said. Finance minister Rishi Sunak plans to phase out the scheme by the end of October. Last week he announced £30 billion of new measures to stem an expected surge in unemployment.

“It’s clear that we’re in the middle of a severe economic downturn,” Sunak said after today’s data. “As I said last week, we will never accept unemployment as an unavoidable outcome.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

John Browne steps down as Huawei UK chairman ahead of government ban | Malay MailLONDON, July 14 — Former BP chief John Browne is stepping down as chairman of Huawei’s UK operation ahead of the British government banning the Chinese company from the country’s 5G networks later today. “When Lord Browne became chairman of Huawei UK’s board of directors in 2015, he...
Source: malaymail - 🏆 1. / 86 Read more »

BBC job cuts add to UK media gloom as virus fallout bites | Malay MailLONDON, July 15 — The BBC said today it will go ahead with hundreds of newsroom staff cuts delayed during the coronavirus crisis, as UK media outlets reel from the pandemic’s economic fallout. The British broadcaster, which announced in January it planned to axe 450 newsroom jobs to meet...
Source: malaymail - 🏆 1. / 86 Read more »

‘IS bride’ wins right to return to UK to fight for citizenship | Malay MailLONDON, July 16 — A woman who had her UK citizenship revoked after travelling to Syria to join the Islamic State group should be allowed to return home to challenge the decision, a court ruled Thursday. Shamima Begum, 20, lost the first stage of her case about the legality of the government’s...
Source: malaymail - 🏆 1. / 86 Read more »

UK to purge Huawei from 5G by 2027, angering China and pleasing Trump | Malay MailLONDON, July 14 — Prime Minister Boris Johnson ordered Huawei equipment to be purged completely from Britain’s 5G network by 2027, risking the ire of China by signalling that the world’s biggest telecoms equipment maker is no longer welcome in the West. The seven-year lag will please British...
Source: malaymail - 🏆 1. / 86 Read more »

UK midcaps fall on Covid-19 woes, Bluechips supported by resource majors | Malay MailLONDON, July 15 ― British mid-cap stocks ended lower yesterday as fears of fresh coronavirus-driven lockdowns overshadowed a fledgling economic recovery, while resource stocks supported the bluechip index. The blue-chip FTSE 100 ended largely unchanged, but well above session lows. Energy and...
Source: malaymail - 🏆 1. / 86 Read more »

Licence to chill: UK author tracks down James Bond’s home | Malay MailLONDON, July 16 — British author William Boyd believes he has discovered the London home of James Bond, after researching the character’s creator Ian Fleming and his famous books for clues.   Fleming wrote a total of 14 Bond books, two of them short story collections, in the 1950s and...
Source: malaymail - 🏆 1. / 86 Read more »