13.5% of all UK businesses have temporarily closed or paused trading, during the lockdown, with 86.4% of workers in these businesses on furlough.
Looking at pay, over a third of the highest-risk jobs have a below median hourly pay rate (currently £13.21 in the UK). Care escorts, dental nurses, and nursing auxiliaries and assistants are among the lowest paid and all range between £9.45 and £10.93.
Our work, leisure and shopping habits as well as interpersonal relationships have all been subject to seismic shifts in a matter of months. Indeed, what consumers value has changed, so as we enter the inevitably severe economic downturn, retail businesses will have to navigate this transformed
This economic crisis, as well as the virus, is truly novel- it is not caused by bursting financial bubbles, deficient demand or underutilised potential. Revenues that would normally come from the population producing, earning and