British government job protection reduces unemployment during the pandemic


Official figures showed, today, Tuesday, that Unemployment rate at Britain It fell unexpectedly for the second month in a row to 4.9 percent in the period from December to February, most of which were under strict lockdown measures to confront COVID-19 outbreak, And a massive government program to support jobs during the pandemic.
The Office for National Statistics said, according to Reuters, that there was a noticeable increase in the number of vacancies in March, especially in sectors such as hospitality, as the authorities allowed this sector to return to work through open places last week.

Finance Minister Rishi Sunak in March extended a plan under which the government would pay wages for about one in five employees until the end of September, although employers will have to contribute to some of the plan’s costs from July.
Without this program, the unemployment rate would have been much higher. A year ago, those providing Britain’s budget forecasts said it could reach 10 percent.
The Bank of England will monitor the number of jobs lost when this plan expires while it considers how long it will be needed to continue its massive economic stimulus program.
Britain intends to lift all health restrictions related to combating Covid-19 as of June 21, with the rapid progress of the vaccination campaign against Covid-19.
A shift in business style
In the context, a study by the “Demos” Research Center showed that 65 percent of those working in Britain had to switch to work from home or stop working due to the epidemic, and that 79 percent of people who work from home want to continue this way even after raising Restrictions, part-time or full-time.

The outbreak of the Coronavirus and the closures imposed to face its repercussions have increased rates of work from home instead of offices.

Firms seem to like to go with this formula as well, whether to increase employee productivity and comfort, or also to achieve significant rental savings.

In previous statements, Sunak urged companies not to abandon offices altogether, for fear that this would lead to desertification of city centers if the companies that settled in them leave them, as is the case of the London City, which is Britain’s financial lung, and it has turned into something similar. Ghost town for months.
A survey conducted by the Confederation of British Industry (CBI), the most prominent British employers’ body, according to Agence France-Presse, shows that three-quarters of companies expect that the hybrid mode of work will prevail, by dividing employees to work between home and office.
“This formula could benefit both employers and employees, and it is one of the few positive outcomes that can arise from the economic shock of the epidemic,” said Keith Cuthbertson, a professor of finance at City University in London.


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