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Unemployment: Unemployment reached record level in UK, unemployment rate increased to 5.0%

January 26, 2021
in Business
3 min read
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Unemployment: Unemployment reached record level in UK, unemployment rate increased to 5.0%
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During the Corona virus, the British government imposed strict lockdown in the country. Due to this, a large number of people have also left jobs in Britain.

The British economy has collapsed due to the continuing lockdown. The figure of 5.0 percent of the unemployment rate is about 1.2 percent higher than a year ago.

  • January 26, 2021, 7:13 PM IST

London. There is turmoil all over the world due to the impact of Kovid 19. The economy of most countries of the world has collapsed due to the lockdown during Coronavirus. Crores of people have had to lose their jobs. Things have become worse in Britain. According to the figures here, the unemployment rate in the UK reached 5.0 percent by the end of 2020 ie last year. This figure of 5.0 percent is about 1.2 percent more than a year ago.
During the Corona virus, the British government imposed strict lockdown in the country. Due to this, a large number of people have also left jobs in Britain. Finance Minister Rishi Sunak in the British Government has said that this crisis has lasted the longest. The loss of one’s job is like a tragedy.
The government’s data has been released at a time when Debenhams plans to close all its UK department store outlets. About 12,000 people work in this. British Prime Minister Boris Johnson recently stated that the current lockdown cannot be lifted until around Easter.

According to experts, the unemployment rate is expected to increase further. It is estimated that the relief package brought by the British Government is coming to an end in April. As part of this relief package, the salaries of the employees were added directly to the accounts of the companies from the government. The lockdown was imposed in the UK in February last year. From February 2020 to December, the number of payroll employees has decreased from 8.28,000.

Even after vaccination, strict lockdown took place
In December last year, Britain started the vaccination campaign. Since then, it was hoped that the lockdown would not be imposed. With this, people had expected that now the economy can come back on track soon. But then a new form of Kovid-19 was found in Britain after which the British government imposed strict lockdown in the country. The British government had told that this new form of Kovid-19 spreads more quickly. Since then, strict rules have been implemented in the UK so far, which is continuously impacting the economy.



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Tags: Bitrain economyBoris Johnsoncovid 19EconomyLockdownRishi SunakSage goldUnemployment in the ukUnemployment rateUnemployment rate unemployment in ukWorld economy
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