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Saturday, September 19, 2020

A bloody bloodbath put 200,000 people out of service

Rishi Sunak faces a call to keep Britain at work when the breadth of work that is already underway is revealed.

Nearly 200,000 family business workers have been laid off since the blockade, according to an analysis in the Daily Mail.

Last night the Chancellor was told that his focus should be on “jobs, jobs, jobs” in his mini-budget on Wednesday.

Prominent figures have warned that job losses so far will only be the “tip of the iceberg” unless dramatic action is taken. The main layoffs have affected sectors such as retail, travel, hospitality and manufacturing, all of which have been shaken by the coronavirus pandemic.

In the past week alone, companies like Harrods, John Lewis, Cafe Rouge and Arcadia, owner of the Topshop, have handled the ax, leaving over 14,000 employees out of work. But data collected by the Daily Mail show that 59 family-owned companies have cut more than 195,000 roles since the blockade began in March.

Some of the larger ones were Heathrow Airport, which has laid off 25,000 employees, British Airways, which is exposing 12,000 of them, and Rolls-Royce, which is cutting 9,000 jobs.

Last night the Chancellor was told that his focus should be on “jobs, jobs, jobs” in his mini-budget on Wednesday

Thousands of smaller companies have also cut their staff. A total of 2.8 million are now applying for unemployment benefits or universal credit when looking for a job, according to official data.

Labor spokeswoman Lucy Powell said yesterday evening: “These job losses are devastating for the people involved and the economy. We fear they are just the tip of the iceberg. Hospitality and the main roads have been affected by this crisis, with many companies struggling to survive. We need a return to work budget with laser-like focus on jobs, jobs, jobs. “

Laborers demand a 1.7 billion pound welcome and a “brawl fund” on the main roads to help protect jobs.

Former Conservative Chancellor Lord Lamont has requested that employers receive a vacation with payments from national insurances, as he has warned that jobs must be “absolutely the top priority” for Mr. Sunak.

Grandfather Tory, who held the position during the 1992 Black Wednesday crisis, said: “He acted bravely and quickly, but the hard part is yet to come.”

Lord Lamont, who was speaking on the Blue Collar Conversations podcast, said: “Maybe I would have a vacation for national employer insurance for a period of time. If you cut the cost of employing people, this will be the way better to keep jobs. Businesses are failing, not their fault. “

Meanwhile, a group of former economic advisers to five Tory prime ministers or chancellors has suggested that while attention should be focused on “jobs jobs”, debt should also decrease by 2024.

Nearly 200,000 workers in family-owned companies have been laid off since the blockade

Nearly 200,000 workers in family-owned companies have been laid off since the blockade

Only in the past week, companies like Harrods, John Lewis, Cafe Rouge and Arcadia, the owner of the Topshop, have all handled the ax

Only in the past week, companies like Harrods, John Lewis, Cafe Rouge and Arcadia, the owner of the Topshop, have all handled the ax

They have come up with a plan for the UK’s recovery from the coronavirus which includes a national debt restructuring agency and an unprecedented package of skills and jobs.

The report, written by Mats Persson, Adam Memon, Raoul Ruparel, Tim Pitt, Will Tanner and Neil O’Brien for the think tank Onward, also predicts that £ 30 billion will be invested in troubled companies.

The pace of cuts is increasing as the government’s government plan, which has been used by 1.1 million employers to protect 9.3 million workers, is coming to an end.

The companies have already used the scheme to pay their employees’ £ 25.5 billion in wages. Thousands of people who were let go were originally laid off, leading to fears that millions of workers with multiple laid off workers will never return to their jobs while Mr. Sunak gradually withdraws wage support.

A survey today suggests that 44 percent of the companies participating in the withdrawal program are convinced that they will have to let go of at least some of their staff when it ends.

The survey of 500 companies, conducted by Opinium on behalf of the think tank Bright Blue, found that 65% of midsize companies with between 50 and 249 employees said they expected to get layoffs.

A group of 120 industry leaders in the hospitality industry wrote to Boris Johnson, asking that VAT be temporarily reduced from 20% to 5% to encourage consumers to spend.

The group, coordinated by the UK Hospitality industrial body, also wants the government to defer July tax payments for companies such as hotels and restaurants, distribute targeted grants and extend holiday rates.

The government’s watchdog office predicted in April that around 3.4 million people, or one in ten of the working-age population, would be unemployed by the end of June.

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