After the 4.8% increase in unemployment reported by the ONS today, Rob Marshall, managing director of employee benefits platform, WorkLife, said: “More than three quarters of a million people have lost their jobs between March, when the first lockdown began, and October. The record number of 314,000 redundancies means that many of these jobs will be lost for good.
“These figures show the terrible toll the Coronavirus pandemic has had on Britain’s workers. And while news of a possible vaccine has injected some optimism into the outlook, this doesn’t provide new jobs in the short-term.
“While there is still so much uncertainty in the economy, we need to redouble efforts to support those employees still in work and the businesses employing them. Employers can help by offering financial and mental well-being support to their workers, many of whom will feel anxiety over continued job security in the face of fresh lockdowns across the UK.”