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Chancellor of the Exchequer Rishi Sunak
ENDING the furlough scheme too early could kill any recovery before it even starts, unions have warned.
The government began reducing the contribution it makes to the Job Retention Scheme (JRS) today, with employers having to pay an initial 10 per cent towards the 80 per cent of wages that furloughed workers receive.
About 2.4 million workers remained on furlough at the end of May, down from a peak of nearly nine million at the height of the pandemic a year before.
Friedrich Merz’s call for a new Plaza Accord ignores how Washington’s 1985 currency ambush destroyed Japan without fixing US deficits — China, a sovereign socialist state with 1.4 billion consumers, cannot be bullied the same way, writes CARLOS MARTINEZ
PHILIP ENGLISH says military spending will not create the jobs young people need — instead, build an economy based around needs, not profit
SHARON GRAHAM reflects on the lessons of Murdoch’s confrontation with print workers – and argues that, in an age of AI, automation and net zero, only early organisation, collective power and planning can stop history repeating itself
