According to the Chancellor and the OBR, the UK is facing an economic contraction of 11.3 per cent this year, the largest fall in output for 300 years – representing an ‘economic emergency’. The OBR is forecasting a surge in unemployment to 7.5 per cent in the second quarter of next year when Covid job […]
The government has announced that it will review higher education admissions to improve social mobility. Gavin Williamson says the current admissions system penalises bright pupils from more disadvantaged backgrounds. While the overall trend is for grades to be over-predicted, Institute of Education research says that socially disadvantaged students are likely to be marked down. The […]
Writing about industrial capitalism over 150 years ago, Marx thought that the replacement of workers by machines would be a consequence of increased competition and the push to restore the rate of profit. This would lead to mass unemployment and increased poverty and misery amongst the proletariat. Yet at least, until now, falls in the […]
http://cdbu.org.uk/winter-closes-on-the-covid-generation/
Since the start of the pandemic, official unemployment figures have been distorted by the furlough, but now, with just over 2 million workers still furloughed and with the scheme being replaced by new funding arrangements from the end of this month, the Resolution Foundation https://www.resolutionfoundation.org/publications/jobs-jobs-jobs/ predicts an unemployment rate of just over 7 per cent […]
