UK economy loses 819,000 jobs to pandemic
Saeed Pourreza
Press TV, London
Britons woke up to more worrying news this December morning; 819,000 fewer workers out of paid employment in November than at the start of the health crisis meaning coronavirus continues to weigh heavily on the UK labor market.
Is this the impact from the coronavirus? Released by the Office for National Statistics, the report also says there’s been a record rise in redundancies in the three months to October, 370,000 of them. Worst hit, those in the hospitality sector, teetering during the pandemic. The government says its measures are necessary for beating the virus.
Old lady and that old geezer named Shakespeare getting the covid jab While the prospect of a functioning vaccine has injected some optimism into people’s lives, experts say the next few months are likely to remain very challenging.
Are we looking at unemployment rising in the coming months? Add to the mix, the immediate impact of a no-deal Brexit: the UK leaving the European Union without a trade deal at of this month. There’s also the fact that unemployment figures don’t tell the whole story, there’s a lag in the data and the government Job Retention Scheme extended till March, is propping up the labor market for now.
In November, the UK chancellor warned number of unemployed people in the country was expected to surge to 2.6 million by the middle of next year, and that maybe a conservative figure. The fact is that covid-19 is here to stay, and it’ll be months if not longer for everyone to be vaccinated. The unforgiving equation is at the tighter measures to protect lives, the more devastating the impact on livelihoods.
Iran eases the rules for exporting hand-woven carpets
Intl. Day for the Elimination of Violence against Women: A stark reminder of Gaza women
85% of Yemeni displaced people face daily hunger crisis
Iran Deputy FM: ICC arrest warrants ‘great victory' for Palestine supporters
Nov. 21: ‘Axis of Resistance’ operations against Israeli occupation
VIDEO | Israeli forces storm West Bank’s Jenin again, target civilians
Iran activates advanced centrifuges after IAEA's 'unjust' resolution
VIDEO | Press TV's news headlines
Iran FM: Response to Israeli aggression 'inevitable'
VIDEO | Iran eases the rules for exporting hand-woven carpets
VIDEO | Intl. Day for the Elimination of Violence against Women: A stark reminder of Gaza women
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
