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One in 16 U.K. Businesses Could Close In Next Quarter

by Michael Curzon
15 August 2021 11:17 AM

A million jobs are at risk due to the ending of lockdown support schemes, with a new study suggesting that one in 16 U.K. firms are poised to close permanently in the next quarter following more than a year of forced temporary closures. The Guardian has the story.

One in 16 firms say that they are now at risk of closure in the next quarter, the study by the LSE’s Programme on Innovation and Diffusion (POID) has found. While it marks a major rise in confidence since the worst depths of the pandemic in January, there are warnings that the risk to so many workers coincides with the planned end of the furlough jobs scheme and a cut to universal credit by £20 a week.

There are also concerns that some industries are still being hit disproportionately by the fallout from Covid, with the entertainment and travel industries still making heavier use of the furlough scheme than other sectors. The number of people being paid through the U.K. scheme stood at 1.9 million at the end of June and it is due to close at the end of next month.

Huge uncertainty remains over the economy’s direction in the next six months. While confidence has risen, there are warnings over complacency. Former Prime Minister Gordon Brown, who founded the Alliance for Full Employment group to promote jobs protection and work creation programmes, said “a new jobs crisis point is approaching as furlough ends”. …

Peter Lambert, one of the authors of the POID research, said the end of the furlough scheme would be “an inflection point” where the economy could go either way. He added: “I think there will probably need to be some continuation of support in specific sectors. My bet is there’ll be more targeted support, because unless the economy really, really picks up, there’s going to be lots of people still left in the lurch in specific sectors.”

There are also concerns over the impact on families switching from furlough support to universal credit, especially as the £20-a-week increase brought in at the start of the pandemic is to be withdrawn this autumn.

Worth reading in full.

Tags: Economic costsEconomyFurloughWork

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17 Comments
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Mogwai
Mogwai
2 years ago

Tess Lawrie’s statement about the situation in NZ regarding baby Will;

“Update (8 Dec 9 pm UTC): The family reports that just before midnight local time Thursday night, Will was removed from their hospital room by five uniformed police officers. He is currently in the PICU awaiting the operation that was scheduled for 8 am local time (7 pm UTC).
Despite available donors, supportive doctors within New Zealand, and warnings of cardiac issues after mRNA injection from Medsafe’s website, the organization tasked with ensuring that medicines in New Zealand are safe, the judge has trampled the rights and wishes of baby Will’s mother and father and devastated their loving family.
All people have the right to choose non-mRNA vaccinated blood, not least for their children. The decision to remove Will from his parents’ care is unconscionable and sends a chilling message to all New Zealanders about the State’s overreach and blatant disregard for the rights of parents to make their own informed decisions about their children’s health and well-being.”

He should have had his operation by now so I wish him a speedy recovery and that he can be back in the full-time care of his parents where he rightfully should always have been. It’s obvious why the judge made this decision though. It would open the floodgates of people demanding non-vaxxed blood and initiate people asking questions and raising justifiable concerns over blood and organ donations. Can’t have anything giving rise to public concern and unrest about the impact of mRNA floating around in donated blood can they? I hope this case has made some people stop and think though.

https://worldcouncilforhealth.org/news/statements/baby-will-new-zealand/

 

Last edited 2 years ago by Mogwai
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Mogwai
Mogwai
2 years ago
Reply to  Mogwai

So this isn’t totally disturbing! 🙁 I was reading on Telegram that Will’s mother is allowed to be in a room with Will but she has police chaperoning her round the clock and even when she goes to the toilet. Madness.

https://rumble.com/v1znqv6-baby-w-our-baby-has-just-been-medically-kidnapped.html

However, on a more positive note, just saw a vid of the parents speaking outside the hospital and Will is out of surgery and doing well. 🙂 Can you imagine if anything bad happens with this baby’s health now though? 😮 The world is watching.

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huxleypiggles
huxleypiggles
2 years ago
Reply to  Mogwai

Truly this story makes me want to cry.

12
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huxleypiggles
huxleypiggles
2 years ago
Reply to  Mogwai

Here is the brilliant Kit Knightly over at Off-G giving some wider aspects of this case an airing.

A short but well ‘worth reading in full’ article.

4
0
huxleypiggles
huxleypiggles
2 years ago
Reply to  huxleypiggles

https://off-guardian.org/2022/12/08/dangerous-precedent-nz-court-orders-baby-removed-from-anti-vax-parents/

And about bloody time hux you plonker.

Apologies everybody.

0
0
Mogwai
Mogwai
2 years ago

An interesting new substack from Igor looking at how the WEF wants our homes to be worthless due to a change in regulations;

“If the WEF gets its way, your building could become a “stranded asset” — that is, abandoned due to changes in regulations — unless you perform an expensive and often impossible retrofit — at your expense, of course!
Installing corn-based carpets and repainting the inside with soy-based paint is the easy part. Some ideas are crazy, like watering your garden with water coming out of showers and washing machines. Switching to heat pumps and geothermal heating or cladding your home with custom panels for greater insulation will likely cost more than the value of your house — necessitating a demolition or abandonment of your home.”

https://igorchudov.substack.com/p/the-wef-wants-your-house-to-be-worth

18
-1
JayBee
JayBee
2 years ago
Reply to  Mogwai

And the to a high degree privately-owned and property obsessed UK actually seems to be the pilot country, as it is the only one which has already put the initial steps and demands into law. Pure expropriation already passed, and everyone just puts the kettle on.

13
-1
huxleypiggles
huxleypiggles
2 years ago
Reply to  JayBee

“initial steps and demands into law.”

What are the initial steps to which you refer?

2
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WyrdWoman
WyrdWoman
2 years ago
Reply to  huxleypiggles

Indeed. I was under the impression it was Cameron who eased up on building regs some years back (‘bonfire of the building regs’ 2014) which is why so many new builds are really badly constructed and poorly insulated. The green build mob were really p*ssed.
https://www.architectsjournal.co.uk/archive/cameron-claims-victory-in-bonfire-of-the-building-regulations

3
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WyrdWoman
WyrdWoman
2 years ago
Reply to  Mogwai

Interesting post, thanks for flagging. As well as being yet another pointless Net-Zero wet dream, its further evidence of the eradication of history and the vernacular landscape, who we are as distinct cultural and geographical peoples across the globe – real diversity, not this deliberately divisive stuff currently being pedalled – and running alongside all that ‘decolonisation’ of academic history cr*p. And I assume corn carpets (wot, no wool??) and soy paint will need to be organic and GMO free: where are they going to grow it all to meet demand if all the agri land has been rewilded? Insanity.

Wonder what Historic England are going to say about it given all the present restrictions on listed and conservation area buildings. Will be fun to see how they try and justify it.

5
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AethelredTheReadier
AethelredTheReadier
2 years ago
Reply to  Mogwai

The WEF won’t get their way.

2
0
Robert Liddell
Robert Liddell
2 years ago

I have very little doubt that there will be an immunity deficit in both children and adults thanks to lockdowns. I suspect, however, that is not the cause of the strep A deaths.
The severity of the effects that this bacterium causes have varied greatly over the years. It used to cause great outbreaks of scarlet fever, and late sequelae of rheumatic heart disease and gomerulonephrits. All I ever saw it doing in 40 years of medical practice was cause what we called scarletina, a very mild form of scarlet fever, and sore throats/tonsillitis.
I suspect this problem is more down to changes in the organism rather than children.
I would be interested to hear the views of others on this issue.

14
0
transmissionofflame
transmissionofflame
2 years ago

The Twitter Files Part 2 – not a long thread, worth reading in full. I don’t have a Twitter account, just read in it a web browser, select “sign up” when prompted then press the X to close that window.

https://twitter.com/bariweiss/status/1601023504916172800

3. Take, for example, Stanford’s Dr. Jay Bhattacharya (@DrJBhattacharya
) who argued that Covid lockdowns would harm children. Twitter secretly placed him on a “Trends Blacklist,” which prevented his tweets from trending.

9
0
huxleypiggles
huxleypiggles
2 years ago

https://www.conservativewoman.co.uk/is-german-crackdown-on-far-right-plotters-a-blueprint-for-tyranny-everywhere/

One of our stalwarts alerted us to the news of mass arrests in Germany. My first thought was ‘false flag.’

I wonder who will be the fall guy(s) in the UK?

Coming soon to a BBC / SKY channel near you.

https://azgeopolitics.com/?p=3239

Thanks ebygum.

Last edited 2 years ago by huxleypiggles
7
0
ebygum
ebygum
2 years ago
Reply to  huxleypiggles

..thanks Hux, I did wonder at the time if they really were ‘far-right’…?
the article says what a lot of us think…how do we warn people against the next spurious crisis….and how do we fight against something that no one is giving us a vote or say over?

Like this, from the Netherlands, tweeted from Eva Vlaardingerbroek, who often appears on GB News…

“The majority of the Dutch Parliament ordered the government by means of a motion to NOT support the European Digital Identity Project.

What did our Secretary of Digitalisation do? She went to Brussels and voted in favour of a European #Digital ID anyway. “

The democratic contract between Government and the people seems entirely broken to me…

6
0
huxleypiggles
huxleypiggles
2 years ago
Reply to  ebygum

Without doubt the first part of our war us with our own governments.

0
0
huxleypiggles
huxleypiggles
2 years ago

https://www.conservativewoman.co.uk/conspiracy-theorists-todays-new-mainstream-in-the-covid-state/

And it is excellent articles such as this by Paul Collits at TCW which destroys Isobell Oakshott’s “no malign intent” in the Spectator article featured yesterday and which rightly got a good drubbing from many of us on here.

6
0

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