Beware scaling back UK furlough scheme too soon, warns Resolution Foundation

Thinktank warns of dangerous complacency' with strength of jobs market and pay growth both weaker than thought

The strength of the UK jobs market and rates of pay has been overstated, according to new research, just as the government prepares to cut back its wage support scheme for furloughed workers this week.

There is a risk of dangerous complacency", the Resolution Foundation warned, as people are still working fewer hours than they were before the pandemic and headline pay growth is overstated.

Related: The UK economy is barely out of first gear, so now is no time to hit the brakes