Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2025

Daily Sabah - Latest & Breaking News from Turkey | Istanbul

  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Britain records 114,000 job cuts in July

by French Press Agency - AFP

LONDON Aug 11, 2020 - 3:58 pm GMT+3
Commuters cross the Waterloo Bridge by bus and on foot, backdropped by the dome of St. Paul's Cathedral, London, March 21, 2018. (AFP Photo)
Commuters cross the Waterloo Bridge by bus and on foot, backdropped by the dome of St. Paul's Cathedral, London, March 21, 2018. (AFP Photo)
by French Press Agency - AFP Aug 11, 2020 3:58 pm

The number of workers on U.K. company payrolls slumped by a further 114,000 in July from June due to fallout from the coronavirus pandemic, official data showed Tuesday.

A total of 730,000 positions have been shed since March when Britain went into lockdown over COVID-19, the Office for National Statistics (ONS) said in a statement.

The unemployment rate remained at 3.9%, the ONS added.

The Bank of England last week warned that the rate would soar to around 7.5% by the end of the year following the closure of a U.K. government furlough scheme to subsidize workers' wages.

"The labour market continues recent trends, with a fall in employment and significantly reduced hours of work as many people are furloughed," said Jonathan Athow, ONS deputy national statistician for economic statistics.

The state has been paying up to 80% of wages for almost 10 million workers under its furlough program to those who are not classified as unemployed.

U.K. companies, from major retailers to airlines, are axing thousands of jobs despite government efforts to safeguard employment during the pandemic.

"The falls in employment are greatest among the youngest and oldest workers, along with those in lower-skilled jobs," he added. "Vacancies numbers began to recover in July, especially in small businesses and sectors such as hospitality, but demand for workers remains depressed."

Finance Minister Rishi Sunak plans to end the furlough scheme in October. In its place will be a stimulus package worth £30 billion ($39.3 billion), including bonuses for companies retaining furloughed staff and offering apprenticeships.

  • shortlink copied
  • KEYWORDS
    uk economy unemployment covid-19 outbreak united kingdom
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Easter and Spring festivals around the world amid the pandemic
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • DS TV
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021