Employment falls by largest amount since 2009

Employment fell by the largest amount in more than a decade between April and June 2020, according to the Office for National Statistics (ONS). The latest statistics show there were 32.92 million people aged 16 years and over in employment during the period - 220,000...

One in three firms plan redundancies

One in three employers in the UK are planning to make redundancies by the end of September 2020, according to a report. The Chartered Institute of Personnel and Development (CIPD) polled 2,009 employers and found 33% had planned to cut jobs in Q2 2020. In the private...

Economic hit ‘less severe than feared’

The UK's economic downturn caused by the COVID-19 pandemic will be less severe than initially feared, according to the Bank of England. The UK economy looks on course for a 9.5% decline this year, compared with May's forecast of a 14% annual contraction. This would...

10 coronavirus scams to be wary of

UK Finance has issued ten coronavirus-related scams people should be wary of and how to spot them. The trade body said fraudsters are using "sophisticated methods to callously exploit people's financial concerns". The ten scams are split into three categories -...

Retail sales bounce back 13.9% in June

Retail sales increased in both value and volume from May to June 2020, as non-food and fuel stores show signs of recovery from the effects of the coronavirus pandemic. Data from the Office for National Statistics (ONS) reveals that in June 2020, the volume of retail...