2.6million will be unemployed by second quarter of 2021

2.6million will be unemployed by second quarter of 2021

According to the OBR, the unemployment rate will rise to a peak of 7.5% – or 2.6 million people – in the second quarter of 2021. Handing over his spending statement, Chancellor Rishi Sunak said nearly £ 3 billion would be provided to Secretary for Work and Pensions Therese Coffey…

10 per cent of UK could be unemployed by Christmas as furlough ends

10 per cent of UK could be unemployed by Christmas as furlough ends

A think tank says 1.2million people will be made redundant in the UK in October when the furlough scheme ends and forecasts 10 per cent of the country could be unemployed by Christmas. The National Institute of Economic and Social Research (NIESR) spoke out as furlough beings to wind down…