End of furlough scheme had smaller than feared impact on unemployment
Staff who were placed on furlough are six times more likely to lose their jobs than other workers – but the end of the scheme had little impact on the levels of unemployment, an assessment of the programme has revealed.
There had been concerns that with more than a million workers still on the scheme when it came to an end last month, its withdrawal could lead to a spike in unemployment and dent the UK’s stuttering economic recovery from the pandemic.
However, with sectors such as hospitality, care and heavy goods transport complaining of major shortages of workers, research by the influential Resolution Foundation suggests that only around 136,000 workers moved from furlough to either unemployment or inactivity when the scheme was closed.
Its
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