Professor John Van Reenen and Peter Lambert said the bleak scenario they predict in their report can be alleviated by imaginative government intervention. Want an ad-free experience?Subscribe to Independent Premium. UK firms have suffered their worst month of trading and job losses in decades as the coronavirus crisis has wreaked havoc in the economy, new figures show. Led by a record plunge in the self-employed, 220,000 fewer people were working in the three months through June, official figures showed on Tuesday. Changes that put more than 4,000 jobs at risk have been announced so far across a … At Halewood in Merseyside, 180 agency staff were cut. NOTE: This page is no longer being updated. Job losses . As city centres become ghost towns, what will happen to our jobs? Initial weeks’ figures reach same scale of unemployment as in 2007 to 2009. This site is part of Newsquest's audited local newspaper network. The boss of the UK's largest recruitment firm, Reed, has said he fears current trends suggest far more people are going to lose their jobs because of the coronavirus crisis. Britain’s economy would be tipped into a year-long recession, with at least 500,000 jobs lost and GDP around 3.6% lower, following a vote to leave the EU, new Treasury analysis launched today … As a subscriber, you are shown 80% less display advertising when reading our articles. Last entry 29 April 2010. WORK FROM HOME advice will lead to thousands of job losses and businesses going under, the Prime Minister was warned today. “Youth unemployment is already at record levels – all concerns that a forward-looking government should be dealing with today. Hiring? Zizzi and ASK close dozens of restaurants across UK, This is the calm before the storm. Manufacturing giant Bombardier today said it will cut 2,500 jobs in its aviation division as the coronavirus crisis sparks a … The losses add to the more than 210,000 … The impact on employment is “grim”, warned the reports, with around 2.5 million jobs under threat from business closures. Advertise your job for free and start shortlisting candidates today! August 5: WH Smith - … August 5: M&Co - 380. Bombardier – 600 UK job cuts. A hurricane of job losses is coming, Mulberry to cut workforce by 25 per cent amid coronavirus lockdown, Rich Nordic economies are in deep shock following 660,000 job losses, We miss the high-street shops – but only when they’ve gone, Firms leaving the UK, downsizing or cutting jobs ahead of Brexit, Hundreds of jobs lost as Monarch's engineering arm collapses, Hundreds of workers at Scottish factory laid off on Christmas Eve, 'Jobs will be lost if Brexit deal not reached by December', Rolls-Royce staff don't fear! Transport Workers are Essential Workers RMT (Press Release) 00:16 1-Feb … The UK economy has shed 730,000 jobs since the coronavirus pandemic shuttered businesses in March, with the young, the old and the self-employed bearing the brunt of the unemployment crisis. If Chancellor Rishi Sunak were to follow the report’s advice, he would be able prevent “the liquidity crisis of 2020 becoming the solvency crisis of 2021”, said Mr Brown. UK universities cutting jobs accused of exploiting pandemic Times Higher Education 04:53 1-Feb-21. The research also found that redundancies in the industry spiked 163% as a result of the Covid-19 pandemic and related restrictions. The number of workers on UK payrolls dived more than 600,000 by May compared to before lockdown, official figures suggest. MPs demand answers over lack … “If we are to save good small businesses that are innovative and forward looking but which, without help with their investment plans, are in danger of going under, the Budget must bring forward measures. Nonfarm payrolls fell by 140,000 in December against the consensus estimate for a 50,000 gain. August 5: WH Smith - 1,500. The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme. Former prime minister Gordon Brown, who launched the AFFE last year, urged the Government to use the report to make an “urgently needed” long-term business recovery programme the centre piece of the budget in March. 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