Unemployment Claims Are Running To Record In The UK!

Unemployment Claims Are Running To Record In The UK!

In the UK, the number of unemployment applications in April is heading to record levels. The new type of coronavirus (Covid-19) epidemic that started in China in December 2019 and spread all over the world also caused great damage to the British economy. With the epidemic, As a result of the unemployed citizens applied to take advantage of their unemployment rights, the number of applications reached record level in April.

Number of Unemployment Claims Exceeded 2 Million

According to the data released by the National Statistics Office on May 19, the number of citizens who applied to benefit from unemployment rights increased by 856,500. As a result, the number of unemployment applications in April exceeded 2 million. The number of applicants has reached an unprecedented rise of 5.8 percent for 20 years. The British economy, which has been closed since March 23, witnesses the heaviest recession of three hundred years.

The government continues to take action

The UK government continues to take action to stop the country's economy from collapsing. The government, which prevented 7.5 million citizens from being dismissed through the leave programs, helped to mitigate the damage suffered by the labor market. In addition, the Treasury reported that it increased the maximum loan amount to £ 200 million ($ 244 million) with the Coronary Virus Business Interruption Loan Facility.