{"componentChunkName":"component---src-templates-post-js","path":"/amazon-and-apple-cash-in/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5f23d9528ef3680039e67070","title":"Amazon and Apple cash in","slug":"amazon-and-apple-cash-in","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/07/Multiply-minute-22.png","excerpt":"Amazon, Facebook, and Apple have defied trends and seen their revenues soar during lockdown.","custom_excerpt":"Amazon, Facebook, and Apple have defied trends and seen their revenues soar during lockdown.","created_at_pretty":"31 July, 2020","published_at_pretty":"31 July, 2020","updated_at_pretty":"31 July, 2020","created_at":"2020-07-31T08:41:54.000+00:00","published_at":"2020-07-31T08:57:07.000+00:00","updated_at":"2020-07-31T09:12:30.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nBig tech cashes in\nAmazon, Facebook, and Apple have defied trends and seen their revenues soar\n[https://www.bbc.co.uk/news/business-53602596] during lockdown. Our socially\ndistanced lives have pushed more activity online, which is good news for the\ntech giants. Amazon enjoyed a 40% jump in sales between April and June and\nFacebook gained 15% more users across Instagram and WhatsApp.\n\nFull pay for redundancy packages\nAnyone who is made redundant after being on furlough will get redundancy pay\nbased on their full salary, not on the 80% furlough wage. The government passed\nthe new law\n[https://www.theguardian.com/uk-news/2020/jul/30/new-law-will-ensure-furloughed-workers] \nyesterday to stop sneaky employers from short changing laid-off workers.\n\nAdviser comment: \"Any additional money for those losing their jobs in these\ndifficult times can make a huge difference. If you're being made redundant and\nyou don't have emergency savings in place, your first step should be to take a\nlook at your budget and see if you can cut back.\"\n\nWorking mothers worse off\nMothers are the most likely to be working shorter hours on reduced pay since the\nstart of lockdown. Research from UCL found that mothers in their 30s have cut\ntheir hours by 52%\n[https://www.telegraph.co.uk/money/consumer-affairs/mothers-5000-worse-working-hours-fell-40pc-lockdown/]\n*, more than any other group. Why? A lack of childcare is a big reason, with\nnursery and summer school places hard to come by.\n\nArgos catalogue’s last Christmas\nArgos will retire its catalogue [https://www.bbc.co.uk/news/business-53592591] \nin January, marking the end of a distinguished 48 year career, after admitting\nthat online shopping offers \"greater convenience\". At its peak the iconic\ncatalogue was the most widely printed publication in Europe, with a copy in\nalmost every home - only the Bible was more prolific.","html":"

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

Big tech cashes in

Amazon, Facebook, and Apple have defied trends and seen their revenues soar during lockdown. Our socially distanced lives have pushed more activity online, which is good news for the tech giants. Amazon enjoyed a 40% jump in sales between April and June and Facebook gained 15% more users across Instagram and WhatsApp.

Full pay for redundancy packages

Anyone who is made redundant after being on furlough will get redundancy pay based on their full salary, not on the 80% furlough wage. The government passed the new law yesterday to stop sneaky employers from short changing laid-off workers.

Adviser comment: \"Any additional money for those losing their jobs in these difficult times can make a huge difference. If you're being made redundant and you don't have emergency savings in place, your first step should be to take a look at your budget and see if you can cut back.\"

Working mothers worse off

Mothers are the most likely to be working shorter hours on reduced pay since the start of lockdown. Research from UCL found that mothers in their 30s have cut their hours by 52%*, more than any other group. Why? A lack of childcare is a big reason, with nursery and summer school places hard to come by.

Argos catalogue’s last Christmas

Argos will retire its catalogue in January, marking the end of a distinguished 48 year career, after admitting that online shopping offers \"greater convenience\". At its peak the iconic catalogue was the most widely printed publication in Europe, with a copy in almost every home - only the Bible was more prolific.

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