Research suggests end of furlough scheme could be the UK economy’s ‘inflection point’
A million workers are still employed by businesses at risk of closure over the next three months, as the government is poised to withdraw critical Covid support schemes, according to new analysis.
One in 16 firms say that they are now at risk of closure in the next quarter, the study by the LSE’s Programme on Innovation and Diffusion (POID) has found. While it marks a major rise in confidence since the worst depths of the pandemic in January, there are warnings that the risk to so many workers coincides with the planned end of the furlough jobs scheme and a cut to universal credit by £20 a week.
