• Jobs | According to the Institute for Employment Studies, for every job opening, there are eight people claiming unemployment bene ts. This compares to 1.5 pre-covid. The number of vacancies has fallen by nearly half a million since the start of the crisis.
• Unwinding furlough | The National Institute for Economic and Social Research (NIESR) has warned that unemployment will rise to 10% by the end of the year. The thinktank also forecasts GDP to be 10% lower this year and remain 6% lower than previous forecasts in 2024.
• Second wave? | Whilst defending the new quarantine rules for Spanish travellers, Boris Johnson warned that Europe was “starting to see in some places the signs of a second wave of the pandemic”.
• Business nances | Figures from the Treasury show that UK businesses have borrowed £50bn in state-backed coronavirus loans.