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Wednesday newspaper round-up: Young workers, Aston Martin, self-employed

Wed 28 October 2020 07:26 | A A A

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(Sharecast News) - The head of the UK's leading employers' organisation has stepped up pressure on the government to conclude trade talks with the EU so that the country can move on from the "suspended animation" of the past four years. Reflecting on her five years as director general of the CBI, Dame Carolyn Fairbairn said her biggest regret was that the issue had not been resolved earlier and warned ministers that businesses grappling with Covid-19 were unprepared for a hard Brexit. - Guardian

One in five young workers who were furloughed have lost their jobs even before a bleak winter that is expected to see surging unemployment, new research has revealed. Youth unemployment is thought to have hit 20pc - the highest since the aftermath of the financial crisis - as inexperienced workers bear the brunt of the jobs crisis, the Resolution Foundation warned. - Telegraph

Mercedes-Benz is to take a 20pc stake in Aston Martin as the embattled sports car manufacturer launches a surprise £1.25bn rescue deal. The German car maker is to supply Aston with technology such as engines and electric power trains valued at £286m as part of the deal, which also involves bringing in new investors and raising extra debt. - Telegraph

Almost half a million self-employed workers have banked an extra £1.3 billion from the taxpayer, despite suffering no loss of income during the pandemic, according to an analysis. In a survey of more than 6,000 people, the Resolution Foundation found that 17 per cent of applicants who applied for the self-employed income support scheme did so despite suffering no hit to their incomes. This amounts to 435,000 workers. - The Times

Almost 85,000 additional companies are likely be created this year compared with 2019 as the Covid-19 pandemic coincides with a spike in incorporation, according to research. An analysis of data from the past decade suggests that this year could set a record for growth in company registrations. - The Times

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