Employment and the end of the furlough scheme

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    The government’s furlough scheme ended on 30 September 2021. In many ways it has been very successful, albeit at a cost of almost £70 billion so far. While unemployment has risen and employment fallen since the start of the pandemic, the changes are nowhere near as dramatic as the falls in national income. As the furlough scheme comes to an end, a number of labour market challenges remain.

    Despite the furlough scheme, around 1 million people were made redundant in the 15 months from April 2020 to June 2021.

    Despite the furlough scheme, around 200,000 people were made redundant per quarter between April 2020 and June 2021 (1 million in total), compared with only 110,000 per quarter in the year before the pandemic. We find that 36% of them found new employment within six months of redundancy, down from 66% prior to the pandemic.

    Young people who left full-time education during the pandemic also struggled to find work. Among those who left full-time education in Summer 2020, only 43% were in work 3–6 months later – down from 75% in 2019.

    The above are just some the figures that resulted as the economic stop happened , powered by the dramatic effects of the pandemic virus.

    I chose to note some of them, as I wanted to spotlight the efforts LPF has made, as a company, to not make redundancies amongst any of our apprentices. We had resourced funds, and while the projects we were counting on did not go ahead, we gave it our all and stayed afloat.

    As we are facing a New Year, I would like to thank all our staff for their hard work and patience during the hights of the pandemic, as well as our MD, Ro Hands, and Director of Learning, Rachel Kehoe, for their efforts to keep the company running.

    We start with a new office based in Walsall, with a good team of employees and with strength and hope for new projects and business this year.


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