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Number of people on leave drops from 590,000 to lowest level yet Business News

The number of people on leave has fallen to its lowest level since the start of the pandemic, official figures show.

Another 590,000 people were pulled from the government program in June, although that leaves 1.9 million people still on leave.

The number of people on leave fell from a peak of 5.1 million during the January lockdown.

State support for the wages of workers on leave was cut on July 1, with employers taking 10 percent of their staff’s wages and the government paying 70 percent.

From Sunday, employers will have to pay 20 percent and the government will cover 60 percent.

The number of workers on leave is higher than some analysts predicted and remains a cause for concern, said Charlie McCurdy, economist at the Resolution Foundation think tank.

“With the doubling of employer contributions to employees on leave from this Sunday and the complete end of the device in just two months, it is vital that as many employees as possible on leave quickly return to work, in order to limit the rise in unemployment this fall, “he added. Mr McCurdy said.

The lifting of restrictions has helped many businesses recover, but some industries, including travel and tourism, remain severely affected by the pandemic.

Chancellor Rishi Sunak said: “It is fantastic to see businesses open across the UK, employees returning to work and the number of jobs on leave fall to their lowest level since the start of the program.

“I am proud that our jobs plan is working and that our support will continue in the months to come.”

Young people were the most likely to be on leave during much of the pandemic, but that changed in June when they left the program twice as fast as any other age group.

A total of 600,000 young people under 25 were either brought back to work or made redundant. Today, staff over 65 have the highest levels of leave of any age group.

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Source: www.independent.co.uk
This notice was published: 2021-07-29 15:13:44

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