The number of people on company payrolls has fallen by 730,000 since lockdown - as employment saw the biggest drop in a decade. The latest figures today showed that 9.6million jobs have been furloughed, with the Treasury paying out £33.8billion in subisidies. Many people appear to have chosen to stay economically 'inactive' rather than hunt for work - meaning they remain outside the headline unemployment figures. 'The falls in employment are greatest among the youngest and oldest workers, along with those in lower-skilled jobs. Debenhams to axe 2,500 jobs Debenhams is cutting 2,500 jobs as the high street bloodbath continues.

Source: Daily Mail August 11, 2020 06:18 UTC