The British government will close the furlough scheme this weekend, with redundancies rising at the fastest rate on record and the second wave of Covid-19 pushing Britain’s economy to the brink of a double-dip recession, according to a Guardian analysis.
As the chancellor, Rishi Sunak, prepares to end the multibillion-pound coronavirus job retention scheme and launch a less generous replacement programme, early warning indicators show business activity faltering as local lockdowns take effect. The number of people losing their jobs is rising much faster than during the 2008 financial crisis, while the economic fightback from the March lockdown is gradually fading:
Record 17m guns bought this year in the US
Americans have bought nearly 17m guns so far in 2020, more than in any other single year, according to estimates from a firearms analytics company.
Gun sales across the United States first jumped in the spring, driven by fears about the coronavirus pandemic, and spiked even higher in the summer, during massive racial justice protests across the country, prompted by police killings of black Americans.
“By August, we had exceeded last year’s total. By September, we exceeded the highest total ever,” said Jurgen Brauer, the chief economist of Small Arms Analytics, which produces widely-cited estimates of US gun sales.
The estimated number of guns sold in the US through the end of September 2020 is “not only more than last year, it’s more than any full year in the last 20 years we have records for”, Brauer said: