UK awaits fallout from end of jobs support scheme

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UK awaits fallout from end of jobs support scheme eNCA

Experts, however, do not expect sectors seriously affected by a shortage of staff owing to the virus outbreak and Brexit - such as road haulage - to necessarily benefit from the bigger pool of available workers.

But the UK already has more than one million job vacancies despite the furlough scheme supporting jobs at a cost of almost £70 billion. Britain's economy rebounded 4.8 percent in the second quarter as the government began relaxing lockdown restrictions amid its fast-paced vaccination programme.COVID helped spark a supply-chain crisis around the world.

"While the CBI and other economists still predict growth returning to pre-pandemic levels later this year, furlough ending is not the panacea some people think will magically fill labour supply gaps," said CBI Director-General Tony Danker.

 

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