Call us today

Record numbers return to work ahead of closure of furlough scheme

Get in touch today - call Kent on 01634 570 390 or Surrey on 01737 370 493

Book a FREE consultation

If you would like to get some impartial advice, simply book a free consultation and we'll get in touch with you as soon as we can.

Record numbers return to work ahead of closure of furlough scheme

The number of people returning to work from furlough has reached its highest level since the start of the pandemic in March, the latest figures have revealed.

The report, published by HM Treasury, comes as the Coronavirus Job Retention Scheme (CJRS) winds down at the end of this month.

According to the research, the number of people on furlough as of 31 July – the latest data available – fell by 340,000 to just 1.6 million.

This is compared to two million people on furlough at the end of June and a record high of almost nine million in May last year.

Young people – the group most financially affected by the pandemic – are also returning to work in record numbers, the report reveals. The data shows that more than 120,000 people between the age of 18 and 34 came off furlough in June and July.

The analysis also found that high numbers of workers in the arts, entertainment and recreation sectors were returning to work as coronavirus restrictions lift.

Commenting on the figures, Chancellor of the Exchequer Rishi Sunak said: “It’s fantastic to see furlough levels at their lowest since the start of the pandemic with young people, in particular, getting back to work and kickstarting their careers as the UK gets back to business.”

The figures come ahead of the CJRS closing this month. Since August, employers have been required to contribute 20 per cent of furloughed employees’ wages, while the Government contributed the remaining 60 per cent.

Mr Sunak added: “With furlough naturally unwinding and coming to a close at the end of the month we are doubling down on our Plan for Jobs – focusing our support on giving people the skills and opportunities they need to succeed in the jobs of tomorrow.”

For help and advice with related matters, please get in touch with our team today.

Top

Urgent COVID-19 Notice
Working From Home

Our first priority is the health and well-being of our team and our community. Therefore, with a heavy heart we have made the decision to temporarily work from home with immediate effect.

We are listening to the government’s daily updates, taking each day as it comes, and will reopen our offices as soon as it is safe to do so.

If you have any questions or need to discuss any issues at all please do email or call us on our usual number 01634 570 390.

The general email is enquiries@orchardaccountants.co.uk.

We hope everyone is keeping well and staying safe.

This website uses cookies to enhance your browsing experience... moregot it