CBI comments on labour market statistics - November

Matthew Percival, CBI Director for People and Skills, said:

"These figures show a toxic mix of a devastating rise in redundancies and very few people able to find alternative jobs, even before entering a second national lockdown. The recent extensions of the Job Retention Scheme and increased support through Universal Credit are important steps that recognise this difficult reality.

“The next couple of months will be crucial. The Government must use this time well to get ahead of the curve on the economy as well as the virus. The creation of an economic recovery commission uniting government, business and unions would be a vital step, as would rollout of mass testing and investment in job-creating projects, with a focus on digital skills and green jobs.”