Diversifying Your Income Stream to Safeguard Your Financial Security
by Mike Roberts, Managing Director, LegalShield UK
We are in an unprecedented time on a global scale. The Coronavirus pandemic has altered our way of life and caused anxiety to sweep across the nation. Not only in the population concerned with the health of themselves and their loved ones, we are in the middle of an employment crisis of its own merit.
Recent data published by the Office for National Statistics highlighted that redundancies in the three months to July were 58,000 higher than over the same period in 2019 and 48,000 up on the previous quarter, pushing the unemployment rate up to 4.1%.
Furthermore, figures published by the Treasury earlier this year showed that over a quarter of the UK workforce has been supported by the furlough scheme that is due to end later this month. This data paints an alarming picture ...