Economics
One in Four U.K. Jobs at Risk as Pandemic Hits Most Vulnerable
- Crisis may increase inequalities, McKinsey analysis shows
- U.K. expected to extend wage subsidies beyond the end of June
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Almost a quarter of jobs in the U.K. are at risk due to coronavirus, and those earning low incomes are the most vulnerable, according to McKinsey.
About 7.6 million workers are exposed to a reduction in hours, being furloughed or permanent layoffs during lockdown, the analysis published Tuesday found. Nearly half those jobs are in occupations earning less than 10 pounds ($12.36) an hour -- below the target rate for the national minimum wage.