Nine out of ten business are up and running as Britain bounces back from lockdown


NINE in ten businesses are up and running following the lockdown, as Britain bounces back.

New figures from the Office of National Statistics show that footfall on high streets also rose to two-thirds of its level from a year ago, the highest since lockdown began.

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The data also shows that between July 10 and July 17, the number of job adverts increased to just over half, 52%, of their 2019 average.

Businesses currently trading said seven per cent of their total workforce had returned from furlough in the past two weeks. But only four per cent of workers had returned from remote working over the last two weeks.

Trading firms also said that just six per cent of their workforce are expected to return from furlough in the next two weeks.

It comes as the Social Market Foundation think tank calls for a new “Property Capital Gains Tax” on all homes sold in the UK which would raise £421 billion over the next 25 years to help offset the cost of the pandemic.

The tax could be set at ten per cent of the increase in the value of the property since it was last sold.

The SMF report said it was the fairest place for the Treasury to add a new tax as equity in UK homes is worth more than £5 trillion pounds – doubling in the last 20 years.

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