UK redundancies rise at fastest rate since 2009 amid Covid crisis
by Richard Partington Economics correspondent from on (#58485)
695,000 people, many of them young, have left company payrolls since March
The number of redundancies in the UK has accelerated at the fastest pace since the financial crisis despite more than half of furloughed workers returning to their jobs after the lifting of lockdown.
As concerns mount over a looming autumn jobs crisis when the Treasury's wage subsidy scheme closes at the end of next month, the Office for National Statistics (ONS) said 156,000 people were made redundant in the three months to July. This is an increase of 48,000 from the three months to the end of May, and the sharpest quarterly rise since 2009.
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