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EY analysis warns of potential for long-winded economic recovery

New analysis from the EY Item Club has hinted that the UK economy may not return to pre-pandemic levels until the year 2024.

Treasury Committee criticises shortfalls in economic support

The Treasury Committee has said that chancellor Rishi Sunak has effectively abandoned over one million people who cannot access existing support measures, following his response to an interim report into gaps in Covid-19 related economic support for firms and workers.

Hundreds of thousands of public sector workers in line for pay rise

Around 900,000 public sector workers will receive an above-inflation pay rise, chancellor Rishi Sunak has said.

Public spending on Covid-19 measures hits almost £190 billion, Treasury says

Figures released by the Treasury indicate that government spending on fighting the Covid-19 pandemic has reached almost £190 billion.

Chancellor’s £2 billion “kickstart scheme” to be set out on Wednesday

Chancellor Rishi Sunak is poised to present his £2 billion “kickstart scheme” which is intended to guarantee more jobs for young people.

Homeowners to receive vouchers of up to £5,000 for home insulation

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.

Government promises 30,000 new traineeships to stave off unemployment

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.

Number of furloughed employees hits 8.4 million

The Treasury has said that 8.4 million workers have now been furloughed under the government’s Job Retention Scheme, an increase of around 400,000 on last week.

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