Furlough phase-out in UK may cause steep fall in workers’ income

Job loss or need for universal credit add to vulnerability once firms required to pay more into plan, thinktank finds

Older workers are at most risk of being made unemployed in the second half of the year as the government's furlough scheme is phased out, according to a leading welfare thinktank.

The Resolution Foundation said the chancellor's decision to wind down furlough support for employers from today would endanger the jobs of more than one in four workers aged 55 to 64 who have remained on the scheme since the recent lockdown.

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