Lloyds to cut hundreds of UK jobs as it revives restructuring plans

Unite’s Rob MacGregor said: “Unite has challenged Lloyds Banking Group senior management to ensure all those affected by these latest proposed job cuts are given the option to remain working for Lloyds and to not enforce any compulsory redundancies. making hundreds more of their fellow workers redundant on a regular basis.

UK’s autumn Covid-19 redundancies could exceed 700,000

Meanwhile, insolvent companies across all sectors of the UK economy that were unable to pay their debts landed taxpayers with a bill for almost £250m during the first six months of 2020, despite the various government job support schemes, according to separate data.

Extreme poverty ‘will double by Christmas’ in UK because of Covid-19

Analysis of food bank use since lockdown suggested families with children and people who identified as “black or black British” were disproportionately likely to have to use food banks. Only 4% of food bank users were furloughed – suggesting the scheme had had a positive impact on poverty levels.

Coronavirus bill has cost UK government £210bn, spending watchdog says

The analysis comes as pressure mounts on ministers to reveal the details of contracts awarded to private firms worth billions of pounds, including for the purchase of personal protective equipment and for the government’s virus test and trace system.

Pizza Express will shut 73 of its 449 restaurants – one in six of its UK sites – with 1,100 jobs under threat as cost saving plans are approved by creditors

Alpesh Paleja, lead economist at the CBI, said: ‘The furlough scheme has proved effective at insulating workers and businesses in some of the worst-hit sectors during the pandemic, but these findings reinforce fears that many job losses have been delayed rather than avoided.’

Coronavirus: Rishi Sunak unveiling ‘kickstart jobs scheme’ for young people

Read more analysis from Laura Kuenssberg here.The chancellor has previously acknowledged young people could be the worst-affected by the crisis when it comes to employment, as they are the age group most likely to be on the government’s furlough scheme – which is set to end in October.

Coronavirus: Ministers pledge to double staff in job centres

UK businesses cut more than 12,000 jobs in two days Labour urges more support to stem job losses UK economy hit by worst contraction in 41 years The government says its furlough scheme, currently paying 80% of the wages of more than nine million workers, has already stemmed job losses from a sharp economic decline […]

Pret a Manger ‘set to close 1 in 10 UK stores putting 800 jobs at risk’

After appointing City advisers in May, the chain is believed to be considering a range of restructuring options. These include a company voluntary arrangement (CVA) insolvency process, which would allow Pret to close unprofitable sites.

Brexit talks set to resume despite UK rejecting EU ultimatum

Which is why this week, as the war of words and wills between Brussels and Downing Street raged over the government’s threat to throw a grenade at key parts of the divorce deal, everyone’s thoughts turned immediately to the trade talks between the two sides.

Kim Darroch: Former top UK diplomat ‘does not regret’ Trump criticism

UK ambassador to US resigns in Trump leaks row Leaked Trump emails row: What do we know? But he defended his conduct during his three years in Washington, saying it was the job of diplomats to report in unvarnished terms about the workings of foreign governments and how they could affect the UK national interest.