The governor of the Bank of England, Andrew Bailey, has suggested that the UK’s unemployment rate may actually be higher than official figures currently show as the coronavirus pandemic continues to drive a surge in redundancies. In a speech to business leaders at the virtual Scottish Chambers of Commerce conference, Bailey acknowledged that the UK […]

The post Unemployment higher than official figures suggest appeared first on UK Investor Magazine.

COVID has led to soaring unemployment with many either leaning on unemployment benefits, unemployment insurance or accumulating personal debt. As unemployment hit 15% in April, MIT Professor, Jordan Nickerson, said that companies in the gig economy – such as Uber (NYSE:UBER) – can have a ‘profound impact’ on labour markets, by decreasing unemployment claimants and […]

The post MIT professor says Uber has acted as a safety net for US unemployed appeared first on UK Investor Magazine.