Covid-19 could ‘cut pay by £1,200 a year by 2025’ – think tank

“The Covid crisis is causing immense damage to the public finances, and permanent damage to family finances too, with pay packets on track to be £1,200 a year lower than pre-pandemic expectations,” warned Torsten Bell, chief executive of the Resolution Foundation.

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Under-35s bearing brunt of jobs crisis

Head of economics at the British Chambers of Commerce, Suren Thiru, said:  "Unemployment remains on course to peak towards the end of 2021, once the furlough scheme expires and those who stopped job hunting during the pandemic look to return to the workforce as...

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Car insurance sees biggest price drop in six years

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Bank of England to consider digital money plan

It would basically be a digital version of sterling, backed by the Bank of England, that could change the payments system, the plumbing of the financial system. It would not be a Bitcoin-style speculative asset with wild fluctuations in value. But there will be...

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