Almost 700,000 people have left company payrolls since March, many young workers
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The number of redundancies in Britain has accelerated at the fastest pace since the financial crisis as the hit to the economy during the coronavirus pandemic triggers rising levels of unemployment.
Against a backdrop of growing concern over a jobs crisis this autumn as the government’s furlough scheme comes to an end, the Office for National Statistics (ONS) said 156,000 people were made redundant in the three months to July. This is a jump of 48,000 from the three months to the end of May and the sharpest quarterly increase since 2009.
