Universal Credit warning: Redundancy pay-outs may lower payments as unemployment rises

The ONS recently released employment figures for the last quarter, which showed unemployment has risen by 0.7 percent.

While this was only a modest rise, it was also revealed that redundancies rose by a record high of 314,000.

Jonathan Boys, a Labour Market Economist at CIPD, examined some of the positive aspects of the figures but warned redundancy issues are likely to be problematic for a while: “A modest recovery in hours worked reflects the summer reopening when large numbers of people gradually moved off furlough.

“Some sectors were able to make hay while the sun shone, but we now know coronavirus cases were rising.

READ MORE: Universal Credit UK: Healthy Start scheme payments to rise 


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