UK unemployment: 650,000 Brits lose jobs in lockdown July 16, 2020 Around 650,000 people lost their jobs between March and June, official figures showed today, as the UK labour market “weakened markedly” during lockdown. Job losses led to a 0.3 per cent drop in total pay in May compared to a year earlier, the Office for National Statistics (ONS) said. That is a 1.3 per cent [...]
The future of the Covid generation rests on putting skills first July 15, 2020 Throughout my career, the skills crisis has never felt more acute than it does now — and nor has the momentum to address the challenge been greater. We are reminded today, UN World Youth Skills Day, that while the pandemic has amplified the problem, it is not the cause. Even before Covid-19 took its grip [...]
Number of jobs available in London plummets due to coronavirus July 15, 2020 The number of jobs available in London during the second quarter plummeted as the coronavirus crisis took hold. In April, there was a 72 per cent drop in the number of job vacancies with just a one per cent decrease in job seekers across the period, according to Morgan McKinley research. By the end of [...]
Has the dream of a ‘V-shaped’ economic recovery died? July 14, 2020 Much has been made of whether or not the UK is going to see a ‘V-shaped’ economic recovery from coronavirus. That is, a sharp fall in output followed by an almost equally quick rebound. Those hoping for such a sharp bounce-back appeared to have been dealt a harsh blow today when official figures showed the [...]
Happy Bastille Day as Binance turns 3 July 14, 2020 Greetings from the Jurassic coast where young Lady Luna (my fast growing puppy) and I are on holiday with my relatives enjoying all the Dorset countryside has to offer! My French husband and I celebrated our 23rd Anniversary on the 12th July over WhatsApp and my old university French friend Carine Remy Greenwich celebrates her [...]
The Kickstart Scheme should have kickstarted years ago July 14, 2020 For years I have been banging the drum for apprenticeship reform as the answer to the UK’s skills shortage and unemployment issues. For a decade it has fallen on deaf ears — with the apprenticeship levy, the government’s only solution, turning out to be a complete dog’s dinner. But finally, the government has come to [...]
Wealthy investors anticipate lasting lifestyle shifts after coronavirus July 13, 2020 Wealthy investors have not been immune to the disruption caused by the coronavirus pandemic, and anticipate long-term lifestyle changes as a result. Three quarters of wealthy investors in the UK see a permanent shift in the wake of the crisis, according to research by wealth manager UBS. The survey of 200 UK-based investors, with between [...]
Lockdown Generation: Without support, young people face a health crisis as well as an economic one July 10, 2020 What do you remember about your first job? The friends and connections you made? The skills you learned? The feeling of being able to support yourself financially? It is well known that all these factors can shape our career trajectories. That they are involved in shaping your future health outcomes and development is less widely [...]
Tiktok removed more than 49m videos for content violations in six months July 9, 2020 Tiktok took down more than 49m videos worldwide in the second half of 2019, it said today in a transparency report, as scrutiny of the platform ramps up. The removed videos represented less than one per cent of all posts on the app in that time. Tiktok said the videos were taken down for violations [...]
We must do more to tackle racial inequality in the workplace July 9, 2020 While I’m truly proud to take on the role of EY UK chair, having started at the firm 35 years ago, I’ve been profoundly struck by conversations with our Black colleagues following the killing of George Floyd, which have brought into sharp focus that the experience of everyone at EY isn’t the same. We, like other businesses, still have more to do. Race has been a core [...]