This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Recommendations shared for easing of lockdown

18 February 2021

Furlough payments should be reduced gradually to allow more people to remain in employment, the Resolution Foundation has recommended.

Its recommendations follow reports that unemployment numbers are expected to increase when the furlough scheme comes to an end.

The foundation has said that Chancellor Rishi Sunak should use the Budget, which is due in March, to inform the nation of the gradual reduction of the scheme.

According to BBC News, the Treasury has confirmed that details of plans to support workers will be included in next month's statement.

Resolution Foundation senior economist Nye Cominetti said: "While the UK's economic prospects are finally looking up, job insecurity remains high, particularly among those who have spent long periods not working, or who are currently furloughed."

The foundation has stated that the January figures showed nearly 2m people had been unemployed for at least six months, with many moving from furlough to unemployment and back, with 700,000 people  registered as officially unemployed.

From those currently in work, 8% have either been told they will be made redundant or expect to lose their jobs within the next three months, said the foundation.

The furlough scheme is currently due to end in April and the government has stated it has spent £280bn in supportive measures since the first lockdown in March 2020.

According to the BBC a Treasury spokesperson said: "We will continue to invest in protecting and creating jobs through the remainder of the pandemic and through the recovery, and we will set out further details via the next stage of our plan for jobs at the upcoming Budget."

The foundation's recommendations are further supported by reports from the Institute of Fiscal Studies and Citi Research, both of which have warned of rising unemployment and the effects this will have on individuals and communities.


Print this page | E-mail this page

www.fsifm.com
https://www.ironmongerydirect.co.uk/?utm_source=PFM&utm_medium=MPU%20Banner&utm_campaign=Everything%20you%20need%20banner&utm_term=Clicks&utm_content=Feb%2021


MOST VIEWED...

View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

Registration page published for PFM Partnership Awards 2020 ceremony

Those wishing to attend the online presentation ceremony for the PFM Partnership Awards 2020 at 16.00 on 17 March can now register in advance by

Takeover of G4S by US company seeming increasingly likely

American company Allied Universal Security seems to be set to take over G4S, after Canadian rival GardaWorld declined to increase its previous offer for th...

Benchmarking maintenance

BSRIA has just published this year's operation and maintenance benchmarking report as a guide for building operators to evaluate their performance against ...
Article image

Launch of PFM Partnership Awards 2021 categories

Today sees the launch of the PFM Partnership Awards 2021, all of which are listed below with the relevant criteria for each one....
Article image

Calls for improved training to assist drive for net zero carbon

Concern over the meeting of net zero carbon targets has been voiced by leaders within the construction sector, according to the latest report from the Inst...
https://www.uhubglobal.com
http://edition.pagesuite-professional.co.uk/Launch.aspx?PBID=78915b1c-0f11-4b5e-9468-ba601ad89761