Furlough warning as 'dangerous complacency' could leave Britons at risk
Furlough has provided immense amounts of support to those who may have otherwise lost their job throughout the pandemic. The scheme offered to cover workers’ wages up to 80 percent of their standard pay, to assist businesses hard up due to the outbreak and subsequent restrictions. While the scheme has been extended until September, from tomorrow onwards the Government is tapering the support it provides.
It will drop its support to 70 percent, and then to 60 percent in August and September, with employers forced to take on more of a financial responsibility.
But according to new research, optimism surrounding the rate at which the UK economy is recovering may be overstretched.
The Resolution Foundation has asserted the labour market remains “lukewarm rather than hot” and that certain issues still remain.
This includes the fact that total hours worked remain significantly below pre-crisis levels, and jobs remain relatively easy to fill.
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