UK redundancies rise at record rate amid Covid fallout
by Richard Partington and Larry Elliott from on (#5925V)
Unemployment rate jumps to 4.5% as concern grows about reduction of furlough scheme
The number of people being made redundant in the UK has risen at the fastest rate since records began as the economic fallout from Covid-19 and the scaling back of the government's furlough scheme drives up unemployment.
The Office for National Statistics said the number of people being made redundant in the UK almost doubled in the three months to August, increasing by 114,000 to reach 227,000, as the shock from the Covid recession rippled through the jobs market.
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