UK unemployment running at highest rate in three years, redundancies highest since 2009

Published:  13 October, 2020

While garages continue to be busy as a result of the MOT backlog created by the exemption, they could see more and more customers forced to tighten their belts, as the UK unemployment rate rises to its highest level in three years, and redundancies rose to their highest level in more than a decade.

According to the latest stats from the Office for National Statistics (ONS), UK unemployment increased to 4.5% in the three-month period to August. In the previous quarter, the rate was pegged at 4.1% in the previous quarter.

At the same time, it was also revealed that redundancies were running at their greatest rate since 2009.

In total, the ONS estimated that 1.5 million people were unemployed between June and August, with 227,000 redundancies.

With the new three-tier system now set to impose varying degrees of additional restriction on some parts of the country, the number of businesses forced to let staff go could rise, which could affect service industries including the aftermarket.

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