London
Coronavirus could potentially cost one million jobs in Britain this year, with most losses anticipated during the current third quarter, according to a study published on Monday.
Job losses could hit 450,000 between July and September, the Institute for Employment Studies forecast in a report, warning this could worsen to 690,000 positions under a worst-case scenario.Another 200,000 cuts could follow in the fourth quarter, or three months to December, the research group predicted. Recent official data showed that Britain has already shed around 240,000 jobs in the first six months of 2020.
The latest IES forecasts, based on official Insolvency Service data, could therefore bring the annual total to more than 1m. “This data lays bare the scale of the jobs crisis that we’re facing in autumn.”—Agencies
