1527 days ago
700,000 folks have lost their jobs since the start of lockdown. And as furlough unwinds and as Boris plunges us, for no reason, into another lockdown there will be many more having to sign on. Among those folks who have kept their jobs many have seen pay ciuts. Just two sectors have seen pay rises: the public sector including the BBC (natch, as they are all frigging heroes) and banking and finance. Showing an honourable candour, Andrew Monk the boss of VSA Capital admits as much below.
1530 days ago
The news on jobs was bad on September 15 2020. Since the start of the Government’s fascistic reaction to Covid, 700,000 folks had disappeared from company payrolls. More, who are self employed, are now without work. As Furlough draws to a close, we all know that hundreds of thousands of other workers will be handed a P45. Meanwhile, wage rates in most industries seem to be falling as companies look to cut costs wherever they can as they battle to survive. But on this grim day, there was evidence that some are more equal than others.
1532 days ago
I may be in the gulags of Merthyr Tydfil by tomorrow night so if there is no Monday bearcast, you know why. I look at abuse of furlough and how some folks want this madness to continue and then at the Government’s bonkers demands of the EU to allow it to hand out vast sums to British companies. In that vein, I flag up my latest expose of Innovate UK HERE. I sense this scandal is massive and will grow. If any of you are bored and want to assist uncovering it, the relevant link is HERE.
