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Biggest slump in employment since financial crisis seen in the UK

Biggest slump in employment since financial crisis seen in the UK

The United Kingdom is bracing for an anticipated surge in unemployment rates, as company payrolls have plunged by 730,000 since the beginning of the coronavirus crisis lockdown. The Office for National Statistics released data which showed 81,000 net fewer people on payrolls in the previous month alone. The government has tried to contain the crisis by giving employers loans.

Tom A
Tom A
Top in Business