An ESRI study has found that some minimum wage workers are better off if they lose their jobs and claim the pandemic unemployment payment.

Low-paid, part-time workers in the hospitality and retail sectors can receive up to 50% more from the pandemic payment than from their wages, according to the research.

Ian Guider, markets editor of the Business Post, discussed this story and more in our daily business update, including:

• Almost 5,000 new homes were built in the first quarter of the year
• Banks are withdrawing mortgage offers to people whose incomes have been impacted by COVID-19
• IAG'S Willie Walsh to stay on until September
• Liberty's Virgin Media and Telefonica's O2 to merge in the UK in $39 billion deal

Listen to the interview in full by pressing the play button on this page.