New wave of UK job losses expected in coming months, researchers say New research suggests the UK could be about to see a fresh wave of job losses as business struggle to cope amid Covid-19 restrictions. A huge increase in bankruptcies for UK firms looms as business support programmes end, according to the Centre for Economic Performance (CEP) and the Alliance for Full Employment (AFFE), with more than 900,000 small firms thought to be at risk. Almost 15%, more than one in seven, UK businesses are at risk of imminent closure, especially those with fewer than 10 employees, it was warned. The impact on employment is “grim”, warned the reports, with around 2.5 million jobs under threat from business closures.
Wave of job losses coming as 900,000 firms at risk of collapse
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Research suggests 1 in 7 UK businesses are at risk of imminent closure
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