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UK sheds nearly 750,000 jobs during coronavirus crisis

Large numbers of workers at risk of falling into unemployment as government begins to wind down furlough scheme

The UK has shed almost 750,000 jobs since the start of the coronavirus lockdown, and more than a quarter of the workforce was still temporarily away from work as the economy began to reopen in June, official data showed on Tuesday.

The number of employees on UK payrolls was 730,000 lower in July than in March, a 2.5 per cent fall that was largely caused by companies freezing hiring, according to Office for National Statistics figures based on tax data.

Much larger numbers of workers are now at risk of falling into unemployment as the government gradually winds down its job retention scheme introduced at the start of the Covid-19 crisis.

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