Rolling coverage of the latest economic and financial news
- Latest: UK online vacancies rise, as furlough total falls
- Airbus tells suppliers to prepare for higher A320 output
- Plans to lift A320 production to 64/month by 2023, from 40/month now
- Asks suppliers to prepare for possible further increases
- Airbus CEO: Aviation sector is beginning to recover
The proportion of workers on furlough has fallen to its lowest level this year, as the UK economy emerges from lockdown.
New figures from the ONS shows that 8% of the workforce were furloughed in the two weeks to May 16, the lowest total seen so far in 2021. That equates to around 2.2m, and is down from 10% around the start of the month.
The proportion of the UK workforce on furlough has decreased to 8%, the lowest level seen so far in 2021, according to initial results from the Business Insights and Conditions Survey.
This is equivalent to approximately 2.2 million people https://t.co/3s8yPhVnd4
Since the re-opening of indoor dining across most of the UK, @OpenTableUK figures show the average number of seated diners in the week to 24 May was at 132% of its level in the same week of 2019 - an increase of 59 percentage points from the previous week https://t.co/ldInREb8AJ pic.twitter.com/KOqQPLnYlt
This follows a recent upward trend for this category, having risen by 55 percentage points since 9 April 2021, just before the first easing of hospitality restrictions when pubs and restaurants reopened in England.
Top US and Chinese trade negotiators held “candid” talks today, their first under the Biden presidency, as Washington continues to raise concerns over Beijing’s trade practices.
In the long-awaited first official engagement between the US trade representative Katherine Tai and the Chinese vice-premier, Liu He, held virtually on Thursday morning Beijing time, the two sides emphasised the importance of the bilateral trade relations and agreed to further negotiations.Continue reading...