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Gulf Today Report
Britain’s unemployment rate climbs 5.0 per cent at the end of 2020 due to the implications of coronavirus lockdowns, according to official data.
According to ONS, at 5.0 per cent, the figure is 1.2 percentage points higher than a year earlier.
Rishi Sunak, finance minister said "this crisis has gone on far longer than any of us hoped -- and every job lost as a result is a tragedy."
Analysts forecast an increase in unemployment rate after the UK government’s furlough scheme of putting an end to paying wages of private-sector workers at the end of April.
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From February, prior to lockdown to December last year, the number of payroll employees divided by 828,000.
The ONS data comes one day after administrators for collapsed UK department store chain Debenhams said it planned to shut all its outlets, costing around 12,000 jobs.
The lockdown is likely to last till Easter, according to the British Prime Minister.
The Metropolitan Police Service said it had made 36 arrests, most for breaching months-old virus regulations that outlaw leaving home except for a limited number of reasons.
Each casualty of the virus lost an average of 10 years of life when they died, according to an analysis by respected think tank the Health Foundation.
According to the Office for National Statistics, the rate was in comparison with 5.1 per cent in the three months to the end of December.
According to analysts forecast, the unemployment rate will surge after the UK government puts an end to its scheme of paying wages of private-sector workers at the end of April.
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