UK furlough scheme will fail to prevent 1m losing jobs, say experts

Young workers and those at the bottom end of the income scale will be the hardest hit

The chancellor’s multibillion-pound subsidy for part-time working will fail to prevent another one million workers losing their jobs by the middle of next year, leading economists have said.

Young workers and those at the bottom end of the income scale will be the hardest hit as employers continue to shed workers in the period before the end of the furlough scheme next month.

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