Comments on: COVID-19: 66% of businesses have furloughed staff

By: Two million employees sink below minimum wage since pandemic began - UK Investor Magazine

Tue, 03 Nov 2020 19:21:30 +0000

[…] Retention Scheme (CJRS) launched by the UK government supported more than 8.8 million employees on furlough during March, where 80% of normal pay was covered by the scheme – up to a maximum of £2,500 […]

By: Marston's shares plummet as group axes 2,150 jobs - UK Investor Magazine

Marston's shares plummet as group axes 2,150 jobs - UK Investor Magazine — Thu, 15 Oct 2020 13:14:23 +0000

[…] plc (LON:MARS) has seen its share price slide nearly 5% after announcing it will cut up to 2,150 furloughed […]

By: Back to work: how Londoners feel about the new normal - UK Investor Magazine

Back to work: how Londoners feel about the new normal - UK Investor Magazine — Mon, 17 Aug 2020 13:03:18 +0000

[…] lockdown slowly but surely coming to an end, and the UK government’s furlough scheme set to wrap up in October, the vast majority of employees across the country now face the awkward […]

By: Bank of England sits tight on 0.1% interest rate - UK Investor Magazine

Bank of England sits tight on 0.1% interest rate - UK Investor Magazine — Thu, 06 Aug 2020 15:21:36 +0000

[…] rise in unemployment looms on the horizon as the government prepares to wind up its furlough scheme in October, and the Bank has warned that the future of the UK economy remains ‘unusually […]

By: Primark rejects £30m coronavirus job retention bonus - UK Investor Magazine

Primark rejects £30m coronavirus job retention bonus - UK Investor Magazine — Sun, 12 Jul 2020 18:38:18 +0000

[…] The high street clothing chain stated that it “should not be necessary” to take the government up on its offer, which includes a £1,000 bonus for each employee that companies bring back from furlough. […]

By: 71% of UK households have saved money during lockdown - UK Investor Magazine

71% of UK households have saved money during lockdown - UK Investor Magazine — Fri, 10 Jul 2020 11:36:39 +0000

[…] the majority of UK employees either furloughed or working from home, appetite for new wardrobe items understandably plummeted, and fuel demand […]

By: Byron Burger seeks buyer as it teeters on the brink of administration - UK Investor Magazine

Mon, 29 Jun 2020 18:40:52 +0000

[…] a weak position even before the pandemic made its mark. Now, with the majority of its employees on furlough and not expected to be reinstated once the company’s doors open to customers again next […]

By: Sunak warns "tragic projections" for unemployment - UK Investor Magazine

Sunak warns "tragic projections" for unemployment - UK Investor Magazine — Fri, 26 Jun 2020 15:25:30 +0000

[…] the success of the government’s furlough scheme and the much-needed boost from the Bank of England’s £100 million stimulus package, the […]

By: UK car production down 95% as Covid "decimates" industry - UK Investor Magazine

Fri, 26 Jun 2020 15:03:23 +0000

[…] peak of the pandemic left the manufacturing industry at a stand-still with millions of workers on furlough and production mostly on hold between March and May. The SMMT previously warned that up to 1 in 6 […]

By: "Eye of a storm" for Pret as sales plummet 80% - UK Investor Magazine

"Eye of a storm" for Pret as sales plummet 80% - UK Investor Magazine — Thu, 25 Jun 2020 12:13:24 +0000

[…] however. With the majority of office workers being told to work from home or being put on the UK government’s furlough scheme, Pret turned to banks in a plea for €100 million in emergency funding and appointed advisory […]

By: "Debt nightmare" brewing for families on Universal Credit - UK Investor Magazine

Wed, 17 Jun 2020 12:24:14 +0000

[…] while half have struggled to pay rent and household bills as record numbers of employees have been furloughed or dropped from […]