UK Faces ‘Permanent Scarring’ to the Economy with Nearly 12 Million out of Work by the Summer | WHAT REALLY HAPPENED

UK Faces ‘Permanent Scarring’ to the Economy with Nearly 12 Million out of Work by the Summer

A report found that the economic fallout from the Chinese coronavirus pandemic will leave 11.7 million Britons out of work by the summer, as the Treasury warns that the national lockdown will have a permanent impact on the economy.

Analysis conducted by the Reason Foundation, an independent think tank, found that an estimated 8.3 million people may be furloughed from work under the coronavirus Job Retention Scheme, up from the three million initially assumed by the Treasury. An additional 3.4 million people are expected to be unemployed during the second quarter of this year.

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