Given the importance of the industry to the UK economy, its ability to adapt to these challenges could have significant implications for employment and the pace of the economic recovery
Since April we have seen politicians around the world trying to roll back on the panic created by the Corona Virus. The machinery of government and its institutions, particularly areas involved in health, led by the World Health Organisation, embraced the idea of pandemic and effectively shut down the world’s economy.
Those in lower-earning jobs offering £15-£25 thousand per annum (less than London Living Wage) are worst affected. Higher paid jobs’ greater likeliness to be conducted from home is partly reflected in the far lower reduction in available positions.
There is a risk that following the shock of the pandemic and poor economic recovery, deep seated pessimism may set in for the young, who already feel that their lives will be less prosperous than their parents’.
Researchers from Imperial College London predicting that ‘transmission will quickly rebound if interventions are relaxed.’. If this causes reintroduction of measures, then a double-dip recession looms. Indeed, should the spread of the virus maintain this pace, a sustained decline is