A massive 20% drop in income and 10 million people on the furlough scheme during the COVID-19 pandemic has seen many Brits turn to credit to get by. However, with interest-free overdrafts and payment holidays soon coming to an end, recovering from the financial effects of the coronavirus crisis “may […]
Pounds
U.K. Spending on Supporting Jobs Surpasses 50 Billion Pounds
(Bloomberg) — The cost of the U.K.’s wage subsidies for workers has surpassed 50 billion pounds ($64 billion), according to figures published on Tuesday that lay bare the economic fallout from the coronavirus pandemic. Load Error The government’s flagship furlough program — due to end on Oct. 31 — has […]