Despite the furlough scheme, hundreds of thousands of jobs have been shed in Europe in the past few months, including by the likes of Lufthansa, Airbus and Renault. The worsening of labor market conditions dragged down savings with those out of a job using their savings to pay bills. But the fall was offset by other households that saved money worried about salary cuts or future job prospects in an uncertain market. … [Read more...] about Are thrifty Europeans holding back economic recovery?
Malaysian economic crisis
“But Balpa has confidence in easyJet's business plan to get through this winter period and help power the UK's economic recovery in the coming months.” … [Read more...] about EasyJet is ‘hanging by a thread’ after being hit during coronavirus crisis, claims union official
We need to keep supporting businesses through this crisis and not impose artificial tests of viability. We need a job support scheme that works. We need a plan for a green recovery and reskilling that meets the scale of this economic emergency. The decisions we take now will have a profound effect on businesses and our economy for years to come. It is essential that a coalition of forces, including businesses and workers right across the country, persuades the government to take the right path. Whatever the government seems to think, we are still in this together. … [Read more...] about By deciding which jobs are ‘viable’, Sunak is leaving millions to sink or swim
A picture of Rashford smiling in his Manchester United shirt now hangs outside the room, captioned with the words: “Marcus is determined, polite, thoughtful, does not show off which is why we like him so much. He does not give up. He inspires us to be great citizens and use our voices calmly and firmly. He loves his mum and knows he wouldn’t be where he is today without her strength.” … [Read more...] about ‘He does not give up’: how Marcus Rashford became a hero to school kids
“I don’t know about you, but I have had more than enough of this disease that attacks not only human beings but so many of the greatest things about our country – our pubs, our clubs, our football, our theatre and all the gossipy gregariousness and love of human contact that drives the creativity of our economy,” he said. … [Read more...] about Boris Johnson: UK must not return to status quo after Covid-19 pandemic