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.
COVID 19: Jobs vs Exposure
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.
COVID 19 and Inflation
The combined hit to both demand and supply sides means that the COVID 19 recession will be a departure from the those seen in the 1930s and 2008: inflation is indeed likely. The risk is that the recovery may cause
Average London House Price vs London Commuters by Workplace
London had the least affordable housing, with a ratio of 11.98, meaning workers required nearly 12 times their annual salary to purchase a home. Although some of the highest wages are concentrated in London…
On Regional Zero Hours Contracts…
Deliveroo has ‘created’ 7,200 jobs in the UK restaurant sector, increasing revenue by £460 million over the period. Deliveroo’s employment model of flexible labour has led to growth mainly of couriers, classed as ‘self-employed independent contractors’, but also of cooks, chefs and support staff preparing meals off restaurant sites in ‘dark kitchens’ to feed growing demand for deliveries. Being designated as…
Shrinkflation and the Importance of Measured, Honest Analysis
Caution must always be exercised when making definitive statements about economic developments, something especially true of unwieldy, nationwide aggregations of trends in markets as large and diverse as consumer goods. Headlines such as…