UK job losses hit decade-high, worse seen ahead

13 Sept 14:07 Key points summarised by AI

The UK experienced its largest job loss since 2009, with 220,000 fewer people working in the three months to June, led by a record plunge in self-employment.
Further significant job losses are anticipated as the government's massive job-protection scheme, which covered one in three private-sector jobs, is scheduled to end in October.
While the official unemployment rate held at 3.9%, this figure is deceptive, as it excludes those who stopped seeking work and unpaid workers; the Bank of England forecasts a rise to 7.5% by year-end.
Pay saw its biggest decline in over a decade, and claims for universal credit surged by 117% since March, indicating widespread economic strain despite a small increase in job vacancies.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.