Coronavirus: Lockdown will cost a QUARTER of UK jobs as 6.5 MILLION positions are to be axed with the hospitality industry set to be crippled by coronavirus crisis, research says

Lockdown will cost a QUARTER of UK jobs as 6.5 MILLION positions are to be axed with the hospitality industry set to be crippled by coronavirus crisis, research says [LINK]

Britain’s coronavirus lockdown will take more than 6.5million jobs out of the economy, according to estimates contained in a new study.

Research by the Institute for Social and Economic Research at the University of Essex says this equates to around a quarter of the UK’s total jobs, with more than half the positions in certain sectors to be lost.

It comes as the Government was warned support for businesses during the coronavirus pandemic must come faster if people’s livelihoods are to be saved.

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