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.
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.
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.
Demand for benefits in Tendring remains well above pre-pandemic levels The number of people claiming unemployment benefits in Tendring at the end of last year was far above that seen at the start of the Covid-19 pandemic, figures reveal. Office for National Statistics data shows 6,380 people were claiming out-of-work benefits as of December 10, compared to just 3,615 in early March – an increase of 2,765. That is 8.1% of the area s working-age population, up from 4.6%. The figures include those aged 16 to 64 on Jobseeker’s Allowance and some Universal Credit claimants, who are unemployed and seeking work or employed but with low earnings. In December 2019, there were 3,325 claimants in Tendring.
Over 900,000 small businesses are at risk of shutting up shop for good amid a fresh wave of job losses threatening to sweep across Britain, according to new research.
The grim findings suggest 2.5million jobs up and down the country are at risk of being lost in the coming months.
A marked increase in bankruptcies among British businesses looms as Government support programmes like the furlough scheme end, the Centre for Economic Performance and the Alliance for Full Employment warned.
Around one in seven, or 15 per cent, of UK-based firms are at risk of imminent collapse as enforced temporary closures and lockdown restrictions persist.