No quick economic bounce back warns Chancellor

Even if we can re-open retail - which I would very much like to be able to do on June 1 - there will still be restrictions on how people can shop, which will have an impact likely on how much they spend.

Referring to relatively weak levels of growth in Europe as lockdown measures were gradually lifted elsewhere, he added: "In all cases it will take a little bit of time for things to get back to normal, even once we've reopened now closed sectors".

In more evidence of the problems, official figures earlier showed unemployment claims rose by more than 800,000 last month. "So I think, in all cases, it will take a little bit of time for things to get back to normal, even once we've re-opened now closed sectors", he said.

"The longer the depth of the recession, I think everyone would agree - all economic forecasters and economists would agree - it is likely the degree of that scarring will be greater", he said.

The Office for National Statistics says 2.1 million people claimed benefits last month, up by more than 856,000.

More than eight million jobs have been furloughed so far and 1.1 million people have accessed help under the Self-Employment Income Support Scheme. The Office of Budget Responsibility has previously suggested unemployment could reach "double digits" in the wake of the pandemic.

The UK labour market entered the Covid-19 crisis in rude health, with unemployment rate of 3.9 per cent - the lowest it has been since 19764.

"Of course that will have an impact on employment".

Tiger Woods: What's in the bag for coronavirus relief match
If you weren't already excited for this golf match, the video that Brady posted to his Instagram page Tuesday should do the trick. The build up to "The Match" has been phenomenal.

Britain faces "a severe recession the likes of which we haven't seen" as the coronavirus and the lockdown ravage the economy, Rishi Sunak has warned.

Speaking at the daily Downing Street press conference in mid-April, he said "we can recover quickly and strongly and get our lives back to normal".

On social distancing, Sir Iain said "we're the only country certainly in Europe that I know of" that uses the two-metre rule.

He told the Lords committee: "I thought about a sectoral approach and in practice it would be very hard to implement".

"So we do need to look at how they manage that process and give them some flexibility".

The Chancellor highlighted the threat of "scarring" as he said it would "take time" for people to get "back to normal" even after the lockdown ends.

The Treasury revealed yesterday that more than £11.1bn had been claimed so far through the coronavirus job retention initiative.

"This figure is going to get worse before it gets better".

Recommended News

  • Obama and Trump Shun White House Presidential Portrait Unveiling Ceremony

    Obama and Trump Shun White House Presidential Portrait Unveiling Ceremony

    Media were not informed that Jackie and her children had been back to the White House until after they had left. But now it appears that this ritual will not take place between Obama and Trump , according to NBC News .
    Carbon emissions drop to 2006 levels because of the pandemic

    Carbon emissions drop to 2006 levels because of the pandemic

    Camera IconProtesters with placards participate in The Global Strike 4 Climate rally in Sydney past year . While transport, industry and public building emissions trended lower, home emissions were on the rise.
    Biden holds 11-point lead over Trump

    Biden holds 11-point lead over Trump

    Trump has more support from male voters by 7 points, but Biden is heavily preferred by women voters, according to the poll. Quinnipiac's April poll had Biden at an 8-point advantage. 39% of voters polled say they would keep Trump in office.
  • COVID-19: Global cases reach 5 Million

    COVID-19: Global cases reach 5 Million

    The world saw the highest daily spike in coronavirus cases on Wednesday since the start of the pandemic, the BBC reported. They now have more than 291,579 confirmed cases of coronavirus and at least 18,859 deaths from the virus.
    How to get Oculus Quest promo codes

    How to get Oculus Quest promo codes

    This will enable users to manually remove the objects before they immerse themselves fully into the virtual reality experience. Immersed - which is already available on Oculus Go - places you in a distraction-free VR workspace, solo or with a group.
    Free antibody tests will be made available on NHS

    Free antibody tests will be made available on NHS

    England's deputy chief medical officer, Professor Jonathan Van-Tam, last week promised the tests would be rolled out "rapidly" . These people will be informed that they don't have antibodies but can test again at another time if they wish.
  • AstraZeneca could supply potential coronavirus vaccine from September

    AstraZeneca could supply potential coronavirus vaccine from September

    They've said the vaccine, which protects against the CCP (Chinese Communist Party) virus , could be available by the fall. Researchers at the University of Oxford are testing the vaccine candidate in humans .
    COVID-19 cases in Douglas County remain steady at 62

    COVID-19 cases in Douglas County remain steady at 62

    Still, the growing number of people in hospitals with COVID-19 was beginning to eat into hospital capacity in the region. A Livingston County man in his 70s was hospitalized as of Wednesday night with a confirmed case of COVID-19.
    Lori Loughlin: US actress to plead guilty in college cheating scam

    Lori Loughlin: US actress to plead guilty in college cheating scam

    Giannulli's agreement includes a payment of $250,000 fine and two years of supervised release with 250 hours of community service. In February, Loughlin and Giannulli's lawyers said they had evidence that would exonerate the two of wrongdoing.
  • CDC Issues New Guidance on Coronavirus on Surfaces

    CDC Issues New Guidance on Coronavirus on Surfaces

    However, "severe disease requiring mechanical ventilation has been reported in COVID-19 positive neonates", the CDC warned. Routinely clean and disinfect frequently touched surfaces.
    Four-phase plan to lift lockdown in Scotland to begin next week

    Four-phase plan to lift lockdown in Scotland to begin next week

    She said that the first phase will focus on "outdoor activities" and hopes these will "steer us to a new normal". Pubs and restaurants can reopen their outdoor spaces, and playgrounds and sports courts will also be opened.
    Lukaku Vows Never To Forgive Former Chelsea Boss Villas-Boas

    Lukaku Vows Never To Forgive Former Chelsea Boss Villas-Boas

    The former Chelsea and Tottenham manager has also been swayed by the level of support he has received from fans of the club. Lukaku enjoyed a two-year stint at United under Jose Mourinho, before linking up with Antonio Conte at Inter last summer.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.