'Worst is behind us' | Furlough MASS REDUNDANCY fears overhyped, expert hints

Fears of a huge rise in unemployment following the end of the furlough scheme have so far been unfounded, early data has suggested.

According to the BBC, the number of redundancies proposed by employers in September was close to record lows.

The data stands in stark contrast to growing fears in recent weeks that the axeing of the Coronavirus Jobs Retention Scheme (furlough) could lead to mass job losses, with many firms not yet seeing enough recovery to take all furloughed staff back on full wages.

However, the BBC said many businesses with large numbers of furloughed workers had reported taking everyone back, and unions had not heard of major redundancy processes.