Wednesday, April 21, 2021
Business

How Britain’s deepest recession is becoming a jobs crisis | Australia news

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This episode first aired on Today in Focus, the Guardian’s global daily news podcast.

Britain is officially in its deepest recession since records began following the unprecedented economic shutdown in response to the coronavirus crisis. It has left millions of people fearing for their futures and especially their employment. In the past six months, the UK has shed nearly 750,000 jobs.

Economics columnist Aditya Chakrabortty tells Mythili Rao that the chancellor’s initial response of the government-backed furlough scheme was pivotal. But as Rishi Sunak looks to wind down the scheme by October it risks pitching people out of work just as the economy is beginning its recovery.

One of those whose period of furlough has led to a redundancy notice is Paul Fryett. He describes the day he found out the news and how he fears for his family’s future as he re-enters a difficult jobs market and contends with the benefits system for the first time in his 30-year career.

Protest against job losses as a result of Covid19 at Tate enterprises outside the Tate Modern., Tate Modern, London, UK - 18 Aug 2020<br>Mandatory Credit: Photo by Guy Bell/REX/Shutterstock (10747993u)
A protest, supported by the PCS union, against job losses as a result of Covid19 at Tate enterprises outside the Tate Modern. Upto 313 workers could be affected by redundancies on the shop and restaurant side of the gallery. And the workers affected believe that 'just 10% of Tate's Government money would be enough to save many of the jobs'. They also demand that Tate appreciate their diverse workforce and their integral role in promoting art and culture'.
Protest against job losses as a result of Covid19 at Tate enterprises outside the Tate Modern., Tate Modern, London, UK - 18 Aug 2020



Photograph: Guy Bell/REX/Shutterstock

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