1 in 5 firms planning to make redundancies as Furlough Scheme winds down

In a survey of 250 firms conducted by the British Chamber of Commerce (BCC) it has been revealed that one in five, 20%, plan to make redundancies as the Government’s Furlough Scheme continues to wind down during August and September 2021.

The Resolution Foundation has warned that workers over 60 were more likely to be Furloughed later in the pandemic and are more likely to still be on Furlough, and that such workers may therefore face a higher risk of unemployment.