UK redundancies hit record before second Covid lockdown

Job furlough scheme fails to stop 314,000 people losing job in three months to SeptemberUK unemployment rate jumps to 4.8%Coronavirus – latest updatesSee all our coronavirus coverageThe government’s furlough scheme and a recovering economy failed to prevent record redundancies in the period before tougher lockdown restrictions were imposed, according to the latest official data.Figures from the Office for National Statistics showed that a record 314,000 people lost their job in the three months to September – a period in which the Treasury’s wage subsidy scheme became less generous. Continue reading... https://www.theguardian.com/business/2020/nov/10/uk-redundancies-second-covid-lockdown #uk_unemployment_and_employment_statistics #unemployment_and_employment_statistics #economics #business #uk_news #coronavirus