29% of UK businesses to cut jobs in next three months, survey says

British Chambers of Commerce reports big firms more likely to cut jobs than smaller businesses

Almost a third of companies plan to make job cuts in the next three months as the government prepares to wind down its furlough scheme, one of Britain's leading business lobby groups has warned.

Sounding the alarm amid warnings of a steep rise in unemployment, the British Chambers of Commerce (BCC) said 29% of businesses in a survey of 7,400 firms planned to cut the size of their workforce in the next three months.