Quarter of million left furlough in August and redundancies hit seven-year low

  • 260,000 workers left the Coronavirus Job Retention Scheme (CJRS) in August.
  • The number of workers on the scheme fell to a low of 1.3 million, an 85% reduction since its peak in May 2020.
  • Redundancy statistics show that notifications for redundancies in the same month were 12,687, the lowest level in seven years.

The furlough scheme was seen as a vital shield in the face of unprecedented economic challenges, protecting 11.7 million jobs and supporting communities across the UK.

Insolvency Service statistics also show that notifications for redundancies in the same month were 12,687, claimed to be the lowest level in seven years. In September they were the second lowest since January 2020, under 14,000, less than a fifth compared to the same period a year before.

Chancellor of the Exchequer Rishi Sunak said:

The furlough scheme was a lifeline for communities all over the UK. I am proud of the vital support the scheme provided during the toughest of economic times.

The economy has reopened, and as planned millions of workers have moved off the scheme and back into work, now we move into the next stage of our Plan for Jobs with a £500m support package to help get people into work and into better paid jobs.

The Chancellor announced an extra £500 million toward the next phase of the government’s Plan for Jobs to support hundreds of thousands of people into better paid work. This package of support will help those on Universal Credit boost their career with advice from their dedicated work coach, support older workers with enhanced support through the Job Finding Support and Job Entry Targeted Support schemes and extend the Kickstart jobs placement scheme for 18–24-year-olds.

Further information:

The latest HMRC statistics on the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme:

The number of redundancies registered for September remained stable with fewer than 14,000 registered via the Advanced Notification of Redundancy Scheme, statistics:

Claims for September 2021 for the Coronavirus Job Retention Scheme must be submitted by 14th October 2021 and any amendments must be made by 28th October 2021.

PAYadvice.UK

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s