UK to double work coaches as lockdown hammers jobs market

© Reuters. FILE PHOTO: The coronavirus disease (COVID-19) outbreak in Watford © Reuters. FILE PHOTO: The coronavirus disease (COVID-19) outbreak in Watford

LONDON (Reuters) – Britain’s government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said on Saturday.

The number of work coaches at British job centres will double to 27,000 at a cost of 800 million pounds ($ 997 million), the ministry said.

Finance minister Rishi Sunak is due to announce on Wednesday his next steps for steering the world’s fifth-biggest economy away from its lockdown slump which caused a 20% contraction in output in April.

The number of people on British employers’ payrolls fell by more than 600,000 in April and May and vacancies plunged by the most on record in the three months to May.

The work coaches will give jobseekers personalised support to build skills and improve their employment prospects, the ministry said.

Last week, the chief economist of the International Monetary Fund, Gita Gopinath, said Britain should consider increasing its unemployment benefits to help get people into the kind of work that is likely to be in demand after the lockdown.

Employers have called on the government to cut their social security contributions and take other measures to help them keep workers on their books after Britain’s huge state furlough scheme expires at the end of October.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)

Economy News

Leave a Reply

Your email address will not be published. Required fields are marked *