UK workers on furlough falls below two million in the rush to reopen economy

The number of people on furlough fell below two million towards the end of June as the economic recovery gathered pace, official figures show.

Almost three million people have come off furlough since the restrictions started to ease in March, according to HM Revenue & Customs. In May last year about nine million people were furloughed.

More up-to-date figures suggest that use of the scheme fell again in July. The Office for National Statistics said that between a million and 1.5 million people, or 5 per cent of the workforce, were furloughed this month. However, its findings, based on interviews with about 5,000 businesses, have consistently undershot government figures.

“It’s fantastic to see businesses across the UK open, employees returning to work and the numbers of furloughed jobs falling to their lowest levels since the scheme began,” Rishi Sunak, the chancellor, said: “I’m proud our Plan for Jobs is working … Read more

Over 5m people in UK had parcels lost or stolen last year

More than 5 million people had a parcel lost or stolen last year, according to Citizens Advice, which has called on the government to start fining firms that keep losing deliveries as part of a comprehensive overhaul of the sector.

Currently, only Royal Mail faces fines for poor service, but the charity said the same sanctions should apply to the whole industry, after surveys showed customers had experienced a range of problems with deliveries. Ten parcels were lost or stolen during each minute over the last 12 months, it claimed.

Citizens Advice said that as many as 20 million people – 38% of all UK adults – had received a “Sorry you were out” card in the last year, despite being home at the time. It said time-strapped couriers had been leaving parcels in insecure places such as doorsteps and bins rather than waiting the extra few seconds for the … Read more

How Bitcoin Achieves Decentralization

Decentralization, in blockchain, refers to the transfer of control and decision-making power from a centralized entity (individual or institution) to a distributed network.

The essence of decentralization is to markedly minimize the extent of trust that must exist among the users and significantly reduce the level of control or authority they have over themselves in ways that harms the functionality of the network.

Bitcoin as a decentralized system 

Bitcoin is a decentralized digital currency that records transactions in a distributed ledger known as a Blockchain. Bitcoin is the most successful out of several attempts to produce virtual money through cryptography. Bitcoin has inspired the advent of other forms of cryptocurrencies. It remains, for the entirety of the past decade, the largest cryptocurrency by market capitalization. Now, how does Bitcoin decentralization work?

How does decentralization work on Bitcoin?

The decentralization of Bitcoin is dependent on some of the features in the … Read more

‘Think before you tweet’ CEOs told after Just Eat spat with Uber

Chief executives are being warned to “think twice before they tweet” after the boss of takeaway company Just Eat Takeaway was told his Twitter spat with Uber threatened to undermine the firm’s reputation.

Jitse Groen this week became the latest in a growing list of chief executives to be rebuked by customers, investors and even regulators over ill-judged tweets.

Cat Rock Capital Management, an activist investor which has a 4.7% stake in Just Eat, highlighted Groen’s Twitter battle with Uber boss Dara Khosrowshahi as an example of outbursts that damaged the brand. The investor said Groen’s tweets had partly led to the firm being “deeply undervalued and vulnerable to takeover bids at far below its intrinsic value”.

Earlier this year Groen had a rant at financial analysts on Twitter, claiming that “some can’t even do basic maths”. He tweeted that he was “amazed how bad these analysts have become … … Read more

Jen Du Plessis: Empowering Mortgage Professionals to Achieve Personal and Professional Breakthroughs for Success

Jen believes“You can Live your Legacy while building it and when you work on purpose you can easily play with passion.” Jen is an industry Influencer, Keynote Speaker, Mortgage Lending Expert, Podcast and TV Show host, and #1 Best Selling Author.

Known as America’s Mortgage Mentor, she guides mortgage and real estate sales professionals who feel overwhelmed in their daily routines; resulting in sabotaging their personal lives for the sake of their business, to multiply results in record time – while having the courage to say YES to their personal lives!

With 4 decades in the Mortgage industry, Jen reached the top 200 of nationally ranked originators, was in the top 1% for over 15 years, and she has personally funded over $1 Billion in mortgage loans.

Jen is recognized as an Influencer in her industry as a #1 Amazon best-selling author of LAUNCH-How to Take Your Business to … Read more