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    Businesses urged to use the Redundancy Payment Service

    Shutterstock A prominent accountancy firm has warned that businesses facing closure are failing to use the government’s Redundancy Payments Service. Moore director Chris Tate said that in some cases his firm had witnessed, businesses had had no need to become insolvent because they could not afford basic restructuring because they could have used the RPS. […] More

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    Eight per cent of workers remain on furlough

    Shutterstock Almost than one in 12 workers at firms that have not stopped trading remained on full or partial furlough just days before the scheme comes to an end, official figures have revealed. The Office for National Statistics’ latest data release on the impact coronavirus has had on the economy and society shows that 8% […] More

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    Young people and ethnic minorities most likely to be laid off after furlough

    Pic: Shutterstock Young people and ethnic minorities were most likely to be made unemployed after coming off furlough, according to a report by the Resolution Foundation. The think tank’s survey of around 6,000 workers found that 19% of 18- to 24-year-olds who were furloughed during lockdown were unemployed in September. Twenty-two percent of black, Asian […] More

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    Subdued recovery in towns and cities ‘catastrophic’ for jobs

    Aberdeen has seen a 75% reduction in vacancies compared with last year. Natalia Sidorova / Shutterstock.com The collapse in high street footfall and the rise of home working is hampering economic recovery, research has found, with vacancies still well below pre-Covid levels in 63 towns and cities. Research conducted by the Centre for Cities think […] More

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    GAP may close all clothing stores in Europe

    Shutterstock All Gap stores in the UK could be set to close, with the loss of more than 1,000 jobs, as the US clothing retailer looks at introducing a franchise-only operation in Europe. Such a shift would entail closing all of its shops in the UK and the closure of its Rugby situated European distribution […] More

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    OECD predicts 7.1% unemployment in UK and criticises lack of training

    The Organisation for Economic Co-operation and Development (OECD) has forecast that unemployment will rise from its current 4.5% to 7.1% in 2021, less than some earlier projections from within the government. It added it was ‘remarkable’ how job support schemes in countries had kept mass unemployment at bay. The think-tank also revised its estimate for […] More

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    Job Support Scheme vs Germany’s Kurzarbeit

    Steidi / Shutterstock In the run-up to Rishi Sunak’s announcement of the Job Support Scheme, speculation was rife that the UK was looking to mirror Germany’s policy of short-time working. Dr Sybille Steiner, dual qualified in UK and German law, examines both interventions and finds the two have little in common. Most European states have […] More