{"id":49754,"date":"2020-05-12T17:28:57","date_gmt":"2020-05-12T16:28:57","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=49754"},"modified":"2020-05-12T17:28:57","modified_gmt":"2020-05-12T16:28:57","slug":"there-could-be-more-than-10-million-unemployed-people-in-the-uk-right-now","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/05\/12\/there-could-be-more-than-10-million-unemployed-people-in-the-uk-right-now\/","title":{"rendered":"There could be more than 10 million unemployed people in the UK right now"},"content":{"rendered":"<p>According to Rishi Sunak in his <a href=\"https:\/\/www.theguardian.com\/business\/2020\/may\/12\/uk-furlough-scheme-extended-rishi-sunak-coronavirus\" target=\"_blank\" rel=\"noopener noreferrer\">announcement on furloughed employees<\/a> today there are about 7.5 million jobs at almost 1m companies in the scheme now. Many of these people are really unemployed now: we have no idea if they will return to work. Many will not, I am sorry to say.<\/p>\n<p>We do not have real-time unemployment data in the UK.<\/p>\n<p>And we have no idea how many of the 5 million unemployed people in the country will be applying for support yet. I will be amazed if it is less than 2 million.<\/p>\n<p>We know that there have been 1.5 million<a href=\"https:\/\/www.bbc.co.uk\/news\/uk-politics-52536210\" target=\"_blank\" rel=\"noopener noreferrer\"> excess universal credit claims<\/a>.<\/p>\n<p>There were more than a million unemployed when this began.<\/p>\n<p>Add it all up, and allow for UC claimants being a double count ()I am being generous there) and we get to more than 10 million unemployed people in the UK - roughly one in three employees.<\/p>\n<p>That's looking very grim indeed.<\/p>\n<p>No wonder furlough cannot end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Rishi Sunak in his announcement on furloughed employees today there are about 7.5 million jobs at almost 1m companies in the scheme now.<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2020\/05\/12\/there-could-be-more-than-10-million-unemployed-people-in-the-uk-right-now\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[181,35],"tags":[],"class_list":["post-49754","post","type-post","status-publish","format-standard","hentry","category-coronavirus","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/49754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=49754"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/49754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=49754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=49754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=49754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}