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The Coronavirus Job Retention Scheme (CJRS) was a furlough scheme announced by Rishi Sunak, the Chancellor of the Exchequer, on 20 March 2020, during the COVID-19 pandemic in the United Kingdom. [1] The scheme was announced as providing grants to employers to pay 80% of a staff wage and employment costs each month, up to a total of £2,500 per ...
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 ...
NHS England coronavirus poster, February 2020 [22] NHS England poster for the "Catch it, Bin it, Kill it" slogan which has been revived in the fight against COVID-19. The first published government statement on the COVID-19 situation in Wuhan was released on 22 January 2020 by the Department of Health and Social Care and Public Health England. [23]
The government is spending more on public services than it raises in tax. To bridge this gap it borrows money, but this has to be paid back - with interest - and that can influence wider tax and ...
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 ...
In 2018, global government debt reached the equivalent of $66 trillion, or about 80% of global GDP, [19] and by 2020, global government debt reached $87US trillion, or 99% of global GDP. [6] The COVID-19 pandemic caused public debt to soar in 2020, particularly in advanced economies that put in place sweeping fiscal measures. [6]
The Office for National Statistics said the unemployment rate fell to a lower-than-expected 3.6% in the three months to July. UK unemployment rate slumps to 48-year low but more Britons quit jobs ...
Figures show the rate of UK unemployment rose to 4.2% between December 2023 and March 2024, its highest level for six months. [334] EasyJet cancels all flights to and from Tel Aviv for the whole of the summer, citing safety concerns following Iran's drone and missile attack on Israel. [335]