Market comment

UK claimant count surges in April


Yesterday (May 18th) saw France and Germany outline their proposals for a new €500bn European Commission fund to provide grants to EU countries hit by COVID-19. This morning’s UK labour market data show at face value little impact from COVID-19 in March, but a surge in the claimant counts points to a sharp deterioration in Q2.

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May 19 2020, 08:30 IST/BST