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Tag: hardest

Education hit hardest as coronavirus batters UK economy | Business

The fallout from the coronavirus crisis will affect certain sectors of Britain’s economy, such as education, construction and hospitality, harder than most, according to analysis by the government’s independent economics watchdog. The Office for Budget Responsibility warned on Tuesday that UK gross domestic product (GDP) could plunge by 35% between April and June, while the …

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High street hardest hit as coronavirus takes toll on UK businesses | World news

The coronavirus pandemic has put millions of UK jobs at risk as companies struggle to cope with the financial strain created by the shutdown. A recent British Chambers of Commerce survey found a majority of firms had just three months of cash or less left in their coffers. The hardest-hit sectors have been high-street businesses …

High street hardest hit as coronavirus takes toll on UK businesses | World newsRead More

Coronavirus lockdown to hit low-paid, young and women hardest, warns IFS | Business

The low-paid, young people and women are likely to be the hardest hit by the coronavirus shutdown of businesses including restaurants, hotels, pubs, retailers and transport services. Low earners are seven times as likely as high earners to work in a business sector that has shut down, according to the Institute for Fiscal Studies. The …

Coronavirus lockdown to hit low-paid, young and women hardest, warns IFS | BusinessRead More

Here are the Chinese industries likely to be hit hardest by coronavirus

A man cycles past a closed Apple store in Beijing on February 8, 2020. Greg Baker | AFP | Getty Images The extended shutdown in China due to the coronavirus outbreak brought the economic giant to a virtual standstill, as factories struggle to get back on their feet and consumers stop traveling, shopping or eating …

Here are the Chinese industries likely to be hit hardest by coronavirusRead More