From Thursday 30 September, the Coronavirus Job Retention Scheme in England, Wales, and Scotland ends.
This will see the government no longer paying 80% of furloughed workers’ wages, up to £2,500 per month, due to the pandemic.
According to the Office for National Statistics, almost one million workers are expected to still be reliant on the scheme by the end of September, and risk redundancy.
The Bank of England have announced they are expecting a small rise in unemployment when the scheme ends whilst The National Institute of Economic and Social Research has forecast that the end of furlough could push UK unemployment rate to 5.4 per cent by early 2022.
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