Another day, another announcement on job losses.
On Monday it was Pret A Manger‘s turn to announce lay-offs as the food-to-go chain warned it would have to close 30 stores and lose “1,000 plus jobs” if sales of sandwiches and take-out soup don’t get back to at least half of their pre-coronavirus levels by September.
With turnover in its stores at quarter of normal levels, Pret is burning through more than £20m in cash a month.
It is an all too familiar story in an economy that has been ravaged by coronavirus. Job losses in the coming months could enter the millions – levels not seen since the 1980s – as the economic fall-out of the public health crisis hits our high streets, our hospitality industry, our manufacturing and aviation sectors.
Boris Johnson, pitching himself as a modern day incarnation of the US President Franklin D Roosevelt, promised