Only 6% of the British public want things to go back to how they were before the coronavirus crisis, according to a new poll.
It comes as 300 leaders from the likes of charities, trade unions and community groups are calling for the country to “build back better” with a recovery plan that will create a “stronger, fairer and greener” economy after the pandemic.
This will include having higher-quality public services, good jobs, a reduction in inequality, and protection for the planet.
The call has been backed by the British public, with a YouGov poll showing that 31% of the public want to see big changes in how the economy is run coming out of the crisis.
A further 28% of participants said they wanted to see moderate changes and only 6% of people wanted no changes to be made at all.
Almost half of all UK businesses have either stopped investing or cut back capital spending since coronavirus struck as they preserve cash, according to the Office for National Statistics.
Its latest weekly set of economic indicators showed that Britain is slowly getting back to normal, with more people returning to the workplace and advertised job vacancies increasing. New information on investment, however, provided more evidence of the economic toll of the outbreak.
Of the 5,100 responses to its business survey, 19.8 per cent said that capital expenditure had stopped and another 23.2 per cent said it was below normal. Business investment is considered key to future productivity.
Although some paused investment will be made up later, the capital stock of the country will be lower than it would have been, with some lasting hit to GDP, as the Bank of England has suggested.
British Airways has told its longest-serving cabin crew they will have to take a 20% basic pay cut and change working patterns if they are to be retained, as it prepares to lay off up to 30% of its workforce.
All cabin crew would have to apply for jobs in BA’s mixed fleet, a unit set up during a bitter strike a decade ago. Given that cabin crew salaries are largely made up of flight pay and allowances, many are likely to see their overall earnings reduced by much more than 20%.
Talks are continuing with the pilots’ trade union Balpa over a voluntary redundancy deal. No offer has yet been put to ground staff. BA says no unions other than Balpa have turned up to
Britons bought 60% more bikes in April as the nation turned to two-wheeled transport during the coronavirus lockdown.
Government advice to avoid public transport and to limit travel to essential journeys led to a complete turnaround in the cycle market. In the first three months of the year, the value of bike sales was down 4% and 8% fewer bikes were bought in the UK, according to the Bicycle Association.
However, in April, the value of sales surged by 57% as the number of bikes sold rose 60%. The biggest change was in more affordable bikes valued at £400 to £1,000, sales of which doubled in April. Sales of bikes costing more than £3,000 fell.
Almost 50% more electric bikes were sold in April, a big step up in the pace of growth from the 29% seen in the first quarter of the year. However, the Bicycle Association said the