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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Coronavirus: How the pandemic has changed the world economy

By Lora Jones, Daniele Palumbo & David Brown BBC NewsThe coronavirus pandemic has reached almost every country in the world.Its spread has left national economies and businesses counting the costs, as governments struggle with new lockdown measures to tackle the...

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