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2020-08-11 12:15:32| Guardian Unlimited Business - more business news

Inequality is becoming worse as tens of millions of Americans face unemployment, loss of healthcare, evictions and hungerWe are in the middle of an extraordinary moment in American history: a public health crisis, the worst economic downturn since the Great Depression, the existential threat of climate change and a president who is moving our country in an authoritarian direction. In the midst of all these crises, there is another issue of major concern that is receiving very little attention. And that is the obscene level of income and wealth inequality which exists in our country and the fact that, during the pandemic, that inequality is becoming much worse. Continue reading...


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2020-08-11 12:13:22| Guardian Unlimited Business - more business news

Measures to raise safety for staff and customers are costly for UKs biggest pizza chainCoronavirus latest updatesSee all our coronavirus coverageDominos Pizza, Britains biggest pizza delivery chain, suffered a drop in orders during the coronavirus pandemic, as it stopped customers collecting orders and dropped popular choices such as the Cheeseburger pizza, stuffed crust and chicken wings from its menus as part of safety measures.While more people ordered in pizza, sides and desserts during the Covid-19 lockdown, the company took a hit as it scrapped collection, rationalised its menu to make cooking safer, and incurred extra costs by implementing contact-free deliveries. Continue reading...


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2020-08-11 10:54:33| Guardian Unlimited Business - more business news

UK diners quick to adopt Treasurys plan to help hospitality industry stay afloat during Covid-19 crisisDiners across the UK used the governments eat out to help out scheme more than 10.5m times in its first week, the Treasury said.The scheme offers diners a 50% discount, up to 10 per person, at participating venues between Monday and Wednesday, typically the quietest days of the week. It runs until the end of August, and applies to meals and soft drinks consumed at a cafe, pub or restaurant. Continue reading...


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2020-08-11 10:40:26| Guardian Unlimited Business - more business news

The latest figures suggest that unemployment is not too bad. But all this is about to changeRishi Sunak knows it. Andrew Bailey knows. Every economic pundit knows it. The UK labour market is facing its grimmest period in decades. It is not a question of whether the dole queues will lengthen markedly but by how much and when.A cursory glance at the latest data produced by the Office for National Statistics would suggest the outcome is not going to be all that bad. Unemployment, on the internationally agreed measure, remains below 4% and has barely budged since the arrival of Covid-19 earlier this year. Employment was down 220,000 between the first and second quarters of 2020, which doesnt look that terrible given that the economy contracted by a fifth over the same period. Continue reading...


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2020-08-11 09:37:48| Guardian Unlimited Business - more business news

Youngest and oldest bearing brunt of crisis largely caused by coronavirus pandemicCoronavirus latest updatesSee all our coronavirus coverageAlmost three-quarters of a million jobs have been lost from company payrolls since the start of the coronavirus pandemic in March, with the youngest and oldest workers bearing the brunt of the employment crisis.Paid employment dropped for the fourth successive month in July, though the number of employees losing their jobs began to slow, according to official figures. Continue reading...


Category: News and Media

 

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