• Ava

Out of work benefit claimants rise 126% to 2.8m under lockdown


Official data shows the number of people claiming work-related benefits - which includes the unemployed - increased 126% to 2.8m between March and May. The ONS figures also reveal a record quarter-on-quarter fall of 131,000 in the number of self-employed people in the three months to April.


Separate data published by HMRC shows that a total of 9.1m workers are having their wages paid through the Government's furlough scheme - more than a quarter of the workforce. Economists say the strength of the jobs market will only be truly revealed once the furlough scheme is eased.


A survey by YouGov suggests that 51% of companies intend to make redundancies within three months of the Government’s job retention scheme expiring in the autumn. Some 31% of 500 employers polled said a fifth of their workforce is at risk and just over 21% said that a third of their employees could be made redundant. Only 34% of businesses fel t confident that all their staff will be kept on.


Read more at The Guardian.

1 view
Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2020 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

Website Designed by AVETON Design