On Wednesday, chancellor Rishi Sunak put his plans to prevent mass unemployment before MPs in the House of Commons, including newly announced measures to keep furloughed workers employed and planned temporary cuts to VAT.
Under chancellor Rishi Sunak’s economic recovery plan to be unveiled on Wednesday, hundreds of thousands of homeowners will be provided vouchers of up to £5,000 to pay for energy-saving home improvements such as better insulation.
The government is promising to provide 30,000 new traineeships to get young people in England working as fears of mass unemployment continue to grow in the wake of the Covid-19 crisis.
Labour shadow chancellor Anneliese Dodds has said that more support is required from the government to prevent further job losses as a result of the Covid-19 pandemic.
London based online market research agency FlyResearch has been issuing weekly polls to its research panel of over 3000 people throughout the coronavirus lockdown in the UK, in order to project how the outbreak and the implementing of social distancing has been impacting the daily life of UK citizens. In conversation with The Parliamentary Review, managing partner Greg Ward discusses the findings from the thirteenth wave of the Covid-19 tracker survey, published on June 25 and sourced from data collected on June 19.
The Office for National Statistics has said that over 600,000 people were made redundant between March and May this year, coinciding with a record drop in the number of job vacancies over the same period.
Chancellor Rishi Sunak informed a House of Lords committee on Tuesday that it is “not obvious there will be an immediate bounceback” of the UK economy and that it may take time for it to recover to levels seen prior to the Covid-19 pandemic.
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