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How many jobs do you think will be lost due to COVID19?

(17 Posts)
DreamChaser23 Tue 28-Apr-20 19:06:19

in the UK? I read in an article 2m jobs. But honestly I feel it will be more than double that at least. Considering that up to 9m people could he furloughed during this period. And after furlough scheme ends lots of businesses could still go bust

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The80sweregreat Tue 28-Apr-20 19:07:40

Hopefully things will bounce back quickly , but it's not looking good is it : (
I hate this virus. So sad for staff losing jobs.

MabelMoo23 Tue 28-Apr-20 20:05:46

Thing is, so many people think furlough is just one big holiday. That furlough will end, lockdown will lift and we will all swan back in to our jobs as though the pause and play buttons have been pressed.

Not a bloody chance. Furlough is delaying the inevitable, once furlough stops, companies have to have cash flow to pay wages and for many companies that won’t happen. Not immediately anyway

I’m furloughed, and I’ll be amazed if I still have a job to go back to

Sadie789 Tue 28-Apr-20 20:13:57

Reading some threads on here with people gleefully proclaiming how wonderful lockdown is - they love working from home
It’s great getting to potter round the house
Their kids are happier at home than school
They love homeschooling
It’s great to pause life for a while and slow down
Etc etc

These people are either completely ignorant or in total denial.

You won’t be able to work from home if the company you work for goes bust
You won’t be on furlough or full pay, you’ll be on none
Your kids will get very bored very soon without the natural stimulation of social interaction, especially teens
Your house value will drop through the floor
Your savings will run out
You won’t be paying tax so all the services you are used to will start to be reduced or cut
You will need to claim UC like millions of other new claimants, but where will that money come from?

It’s going to be the biggest, deepest recession - indeed depression - since the world wars and I am baffled as to how anyone can currently be “loving lockdown” without any thought to the fallout from all of this.

Qasd Tue 28-Apr-20 20:19:29

There better be at least some pause and play re furlough it’s the whole point if the scheme and the chancellor is going to go down as the worst ever if he spends billions on a scheme aimed at preventing redundancy and prevents no redundancies!!

In terms of the op I don’t know, a lot in travel/ tourism and high street retail (already struggling). Certainly in for a rocky ride, other sectors particularly restaurants if they can adapt to provide some take away and we get a good summer so can social distance at outside tables I have more faith.

Sadie789 Tue 28-Apr-20 20:24:24

I don’t think the chancellor can control the global economy, and that’s what this boils down to (and people seem to forget) this is a global problem, with every economy in the world affected.

Example being DH job, HQ is in Germany. Decisions made there re people’s future. Turnover projections for the rest of year are down to £200k per month where previously they were doing £35 million. No joke.

Nothing to do with UK chancellor’s furlough allowance. All that’s done is keep people’s heads above water during lockdown.

ssd Tue 28-Apr-20 20:24:42

@Sadie789, honestly, what a post!! I'm furloughed and worried about my job. What do you suggest I do, get on with it or sit and cry all day??

Sadie789 Tue 28-Apr-20 20:28:00

@ssd I am merely expressing my disbelief at some people’s attitude to the current situation.

Wanting lockdown to go on indefinitely because they’re getting to do all those jobs round the house they’ve never got round to. And have a Pimms in the garden.

Lockdown needs to end imminently or we’re all fucked. Sit and cry about it if you want, best to be realistic about the situation!

bluemarie87 Tue 28-Apr-20 20:32:28

Mines gone. But I expect lots more.

ThroughThickAndThin01 Tue 28-Apr-20 20:33:46

Sadie I agree with you, it’s harsh but it will be difficult for many, many people.

Sadie789 Tue 28-Apr-20 20:36:34

In a way though, it might be “okay”‘because we will all be in the same boat. So if the world fails down in terms of prices etc then we will all get by just levels lower than where we were. Which isn’t a bad thing. Prices for everything were getting out of control. I’m no economist but I am just guessing (hoping) that’s how it works!!!!

Sadie789 Tue 28-Apr-20 20:36:57

Dials down!

CupOfTeaNonBio Tue 28-Apr-20 20:58:17

I don't know about prices going down for all of us as mentioned by a PP. But I think a general fall in living standards is likely, with lots of "extras" becoming unreachable luxuries for lots of people (eg foreign holidays, manicures, lots of new clothes etc) and essentials like food costing more. Services will be cut and things like roads will go unrepaired. I wasn't alive in the 70s but I kind of imagine us going back to that sort of way of living in terms of "luxuries" for most people, only with the internet.

The80sweregreat Tue 28-Apr-20 21:15:18

It's just grim .

lljkk Tue 28-Apr-20 21:38:27

technically not lost due to covid. Lost due to the response strategy to try to stop covid. There is a difference.

Lots of jobs will be lost due to the economic stranglehold.

DreamChaser23 Tue 28-Apr-20 22:15:23

How long do you think the furlough scheme for? If there is no vaccine in a years time i doubt we will have furlough scheme for over 1 yr. Realistically? I think what will happen is that restrictions will be lifted because the government may deem that furlough is becoming too unaffordable. I think June at the latest probably earlier most people will be told to return back to work.

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DreamChaser23 Tue 28-Apr-20 22:16:45

And for those people who are unemployed or laid off they will be told to claim UC instead of the furlough scheme but I think that too is equally as bad if not worse because you will have millions of people on UC and that could be very costly

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