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During the second half of March, 1 million British workers applied for the Universal Credit benefit scheme. [91] [92] In April people claiming unemployment benefit rose to 2.1 million, a jump of 856,500 claims according to the Office for National Statistics (ONS). In addition the employment rate fell to 3.9% for the first quarter of the year ...
The British government debt is rising due to a gap between revenue and expenditure. Total government revenue in the fiscal year 2015/16 was projected to be £673 billion, whereas total expenditure was estimated at £742 billion. Therefore, the total deficit was £69 billion. This represented a rate of borrowing of a little over £1.3 billion ...
The Office for Budget Responsibility forecasts the cost to government of combating COVID-19 pandemic has risen to £123.2bn, with annual borrowing estimated to be 15.2% of the UK economy. This figure is the highest annual borrowing since the end of World War II when it stood at 22.1%.
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The Office for National Statistics (ONS) published the latest official data on the UK labour market on Tuesday. Coronavirus: Official jobs figures show UK unemployment rose in February Skip to ...
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On 3 October, the UK Government Dashboard "GOV.UKCoronavirus (COVID-19) in the UK" issued the following note: Due to a technical issue, which has now been resolved, there has been a delay in publishing a number of COVID-19 cases to the dashboard in England.
Official figures also revealed wages continuing to lag behind rocketing inflation despite the biggest hike in earnings for more than 20 years. Unemployment rate rises amid ‘mounting signs of ...