LONDON: The number of people in work in Britain fell by the most since 2009 in the three months through June as the coronavirus crisis took a heavy toll on the labour market, even with the government's huge jobs protection scheme still in place.
Mounting job losses are expected as Britain winds down its job retention scheme which protects employees. It is due to close at the end of October. British finance minister Rishi Sunak said the figures showed the government's support programmes were working but job losses were inevitable."I've always been clear that we can't protect every job, but ... we have a clear plan to protect, support and create jobs to ensure that nobody is left without hope," he said.The unemployment rate unexpectedly held at 3.
"Government needs to step in and help those who are likely to lose their job retrain for new openings in different sectors," KPMG economist Yael Selfin said.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK suffers biggest job losses since 2009 as Covid hitsLONDON (REUTERS) - The number of people in work in Britain fell by the most since 2009 in the three months through June as the coronavirus crisis took a heavy toll on the labour market, even with the government's huge jobs protection scheme still in place.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
UK Covid-19 daily death count could be scrapped: MediaLONDON (REUTERS) - The UK's official Covid-19 daily death count could be scrapped following an investigation into Public Health England's method of counting the toll, The Telegraph newspaper reported.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
UK COVID-19 daily death count could be scrapped: ReportThe UK's official COVID-19 daily death count could be scrapped following an investigation into Public Health England's method of counting the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UK COVID-19 test and trace scheme changes tack after mixed resultsEngland's COVID-19 Test and Trace scheme is to become more locally targeted, the government said on Monday, after data suggested it was not ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UK steps up plans to tackle migrant Channel crossings with new commanderBritain appointed a commander on Sunday to lead its response to illegal small boat crossings across the Channel and said it was exploring tougher ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, UK and allies call for prompt Hong Kong electionsLONDON: Britain, the United States, Canada, Australia and New Zealand urged Hong Kong Sunday (Aug 9) to hold elections as soon as possible, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »