Economic Update

Error message

  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in require_once() (line 341 of /home/mjwood/public_html/includes/module.inc).
  • Deprecated function: Array and string offset access syntax with curly braces is deprecated in include_once() (line 1387 of /home/mjwood/public_html/includes/bootstrap.inc).

A firm in the hospitality sector has written to me to say that tomorrow it must lay off 200 workers and halve the pay of 100 more, because bookings are close to zero and it cannot cover the wage bill. How much longer should it hold off?