Buzz People

Redundancies fall due to furlough extention

November saw the lowest number of planned redundancies in Britain since Covid lockdowns began, according to Insolvency Service data.
In total 36,700 redundancies were proposed last month, down from a peak of 156,000 in June.
The figures suggest that the chancellor's decision to extend the furlough scheme to the spring has helped to protect jobs.
The data was released in response to a BBC Freedom of Information request.
November saw a lockdown imposed across all of England, and restrictions in force in Wales and Scotland, as coronavirus levels rose.
Though many businesses have been unable to trade during that time, there has not been a spike in redundancies like the one seen after the first lockdown.
November's figure was up 32% on the same month last year, but far below the peaks seen in the summer.
Register Now