U.K. Jobs are set for a ‘cliff edge’ on October 31st, the date on which the Government’s furlough scheme comes to an end.
The current furlough system is set to be replaced with a less generous package, termed the
‘Job Support Scheme’ which will see the Government pay one third of workers’ wages;
requiring them to work one third of their usual hours in order to qualify for the help.
The British Chancellor, Rishi Sunak, has maintained he ‘could not save every job’ when the furlough scheme ends.
With nearly three million workers, or 12% of the U.K’s workforce, still relying on the furlough
scheme for an income, the future of jobs in some industries, particularly those within the
hospitality sector, which is presently bearing the brunt of Covid restrictions, looks increasingly insecure.