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UK unemployment at highest level in three years as redundancies double

Higher than expect rise still ‘underplays how much unemployment levels are likely to increase in the months ahead’

The UK’s jobless rate rose to 4.5% in the three months to the end of August, compared to 4.1% between May and July, taking unemployment to its highest level in more than three years.

This was despite the government’s original furlough scheme — which protected all jobs by guaranteeing 80% of salaries up to a certain amount a month — being in operation throughout the period, indicating that higher unemployment data is on the horizon.

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