UK jobless rate hits 5%; redundancies reach record high – business live

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UK unemployment rate rises to four-year high with 828,000 jobs gone since start of pandemic; IMF releases its World Economic Outlook later

Hinesh Patel, portfolio manager at Quilter Investors, has taken a broader look. Job losses are concentrated in certain industries, particularly the accommodation and food services sectors, with part-time and self-employed workers bearing the brunt of the pain. The imposition of fresh lockdown restrictions means we are living in this state of suspended animation for much longer than anticipated, delaying our recovery for a little while yet.

 

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Not surprising is it?

And profiteering at British gas threatens all uk workers StopTheBritishGasFire

And yet we are still spending 50 billion on a fkg railway to Birmingham that gets people there 20 mins earlier.

The 5% is currently artificial. There are so many still on furlough that will not be getting their job back when the scheme ends.

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