CAN THE GOVERNMENT really afford to end furlough? While the unemployment rate unexpectedly fell to 4.8% in Q1 2021, this is in no small part thanks to the furlough scheme having protected over 11.5m jobs, while research from the Office for Budget Responsibility (OBR) suggests the UK’s unemployment figure is set to increase.
As reported by City AM , around 2.2m people – 6.5% of workers – could be unemployed by the end of the year assuming the furlough scheme ends, again according to OBR forecasts. Meanwhile, research from the Resolution Foundation suggests just 62% of over-50s had returned to […]
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