Large companies in the UK now have more than 75,000 cuts in the pipeline, while partial deadlocks and social distances are expected to continue in the summer. Smaller companies also crash, leading to hundreds of thousands of job losses.
The UK government’s data has not captured hundreds of thousands of jobs cut so far in April.
According to official data, the UK unemployment rate fell below 4% in March. But more timely indicators, including April, give an idea of the impending business crisis. According to government data, the number of workers on company payrolls fell more than 450,000 between March and April.
The worst will almost certainly come.
About 8.7 million workers in the UK emerged as part of a program that covered 80% of government salaries. However, support will end in August until the program ends in October, and businesses face a collapse in demand, and companies may find it difficult to find jobs for many angry employees when they return.
“Business leaders know that government support cannot be infinite, but the ugly truth is that if money isn’t coming to the door, many companies will have to make tough decisions in August,” said director of the institute Jonathan Geldart. said.
Andrew Wishart, the economist at the British Capital of Economy, wrote last month that he expects the unemployment rate to increase to 9% in the coming months. “Most of these leaps should be reversed quickly once the deadlock is over, but we still expect the unemployment rate to rise in the next few years,” he said. Said.
Analyst. Amateur problem solver. Wannabe internet expert. Coffee geek. Tv guru. Award-winning communicator. Food nerd.