Analysis: End of furlough brings uncertainty for UK jobs and economy – Reuters
- Date: 28-Sep-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Analysis: End of furlough brings uncertainty for UK jobs and economy – Reuters
LONDON, Sept 28 (Reuters) - More than a million British workers face an uncertain future this week as the UK becomes the world's first big economy to wind up its COVID-19 jobs support scheme.
The programme, which at its peak paid a third of employees to stay at home, cost more than 68 billion pounds ($93 billion) - the most expensive single piece of UK economic support during the pandemic.
It also marked a sharp shift in policy in Britain where unemployment benefits are low by European standards.
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