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Tory ministers from 1980s fear return to mass unemployment
Lords King and Fowler say local and national leaders must learn from policies of Thatcher era
Two grandees of the Thatcher era have urged the government to learn lessons from the mass unemployment of the 1980s, as the Treasury draws up plans to limit a collapse in the jobs market caused by the coronavirus pandemic.
Tom King, who was employment secretary in 1983 when the grim milestone of 3 million unemployed people was reached, told the Guardian that ministers should be prepared to consider propping up potentially viable companies wherever possible, mindful that the economic crisis is a global one and thus harder to resolve. Continue reading... https://bit.ly/2VQvVqf
Intelligence chief Mustafa al-Kadhimi is regarded as being acceptable to both US and Iran Iraqi lawmakers have approved a new prime minister and government after six months without one as parties squabbled until the last minute over cabinet seats in backroom deals. The new prime minister, Mustafa al-Kadhimi, Iraq’s intelligence chief and a former journalist, will head the new government. He will begin his term without a full cabinet, however, after several ministerial candidates were rejected. Continue reading... https://bit.ly/2WDaetH
President Nicolas Maduro claims men were among 13 ‘terrorists’ involved in plot to enter country via the coast and oust him Venezuelan authorities have detained two US citizens allegedly working with a US military veteran who has claimed responsibility for a failed armed incursion into the oil-producing country, President Nicolas Maduro said on Monday. In a state television address, Maduro said authorities arrested 13 “terrorists” on Monday allegedly involved in a plot he said was coordinated with Washington to enter the South American country via the Caribbean coast and oust him. Continue reading... https://bit.ly/2zeUTHm
Investors want to know what kind of economic hit General Motors Co expects from the coronavirus pandemic as it moves forward, whether it needs to raise further cash and when North American vehicle production will resume when it reports first-quarter results on Wednesday. https://reut.rs/2W963Xa