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Official data show redundancies rise since start of lockdown

Redundancies in the UK have risen at the sharpest rate since 2009, according to official data from the Office on National Statistics showing the first significant increase in unemployment since the start of the lockdown. The figures shows a 58,000 increase in redundancies year-on-year and an increase of 48,000 when compared to the previous quarter, pushing the unemployment rate up to 4.1 per cent. 

More timely data from the tax authority showed that the number of employees on payrolls was down by 695,000 in August compared with March 2020, the ONS said.  The number of people estimated to be away from work or furloughed was still more than 5 million in July 2020, with over 2.5 million of these being away for three months or more. There were also around 250,000 people away from work because of the pandemic and receiving no pay in July 2020. 

 

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