UK redundancies rise to record high amid second Covid-19 wave
by Richard Partington from on (#5BNNW)
Unemployment rate increases to 4.9%, fuelled by job losses in retail and hospitality
The number of people being made redundant in the UK soared to a record high in October amid the second coronavirus wave and as the government scaled back its furlough scheme before an 11th hour extension.
The Office for National Statistics said redundancies rose to 370,000 in the three months to October, the most since records began in 1992. Fuelled by job losses in retail and hospitality, the figures reflect a period when furlough was being made less generous before its intended closure at the end of the month.
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