18th August 2020

Furlough scheme extension could save two million jobs, says think tank

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Experts warn ‘years of experience and dedication’ could be lost without extra support when the job retention scheme ends in October. Up to two million at-risk jobs could be saved by extending the furlough scheme past October, a think tank has said. 

In its new report, Rescue and recovery: Covid-19, jobs and income security, the Institute for Public Policy Research (IPPR) warned that up to three million jobs will “still be on life support” when the coronavirus job retention scheme ends in October, but said that extending the scheme and offering more support to businesses could make two-thirds of these jobs sustainable in the long term.

 

Full article here https://www.peoplemanagement.co.uk/news/articles/furlough-extension-could-save-two-million-jobs-says-think-tank