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Unemployment predicted to rise by 1.3m when furlough finishes – The Times

About 15 per cent of furloughed workers will lose their jobs when the scheme ends, the Office for Budget Responsibility predicted yesterday, backing up an earlier gloomy forecast from the Bank of

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About 15 per cent of furloughed workers will lose their jobs when the scheme ends, the Office for Budget Responsibility predicted yesterday, backing up an earlier gloomy forecast from the Bank of England that 1.3 million people would be added to the dole queues.
The OBR has said that higher taxes or spending cuts totalling as much as £60 billion will be needed to fix the budget deficit deal with the legacy of debt from the coronavirus crisis.
The warnings come days after Rishi Sunak, the chanc…

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