It looks like we’re heading for the job retention scheme 2.0 as part of a “massive package” to support jobs. To qualify, workers would have to put in a minimum of just 10 per cent of their hours, for which they would be paid 100 per cent of their wages by their employer. An individual would have to work a …
The wave of job losses is hitting the shore. The reason, of course, is the shift to online, which now accounts for more than 30 per cent of all retail sales, excluding fuel, up from 20 per cent pre-Covid. If the shift to online retailing is matched by the shift to working from home, then it will not just be …