Scar tissue: How can we prevent long-term damage to jobs and earnings?

2020-06-29T10:36:02+00:00 June 23rd, 2020|Event, Onward|

Bounce Back Bigger is a major series of events which aims to inform the policy debate on the economic recovery and present radical ideas to get jobs, investment and wages growing as strongly as possible. 

On Monday 29th June we hosted the first event in this series titled, Scar tissue: How can we prevent long-term damage to jobs and earnings? The latest data from HMRC shows that vacancies decreased by approximately 60% in the last three months, the number of hours worked is down a record 94.2 million hours year on year and the claimant count is at 2.8 million. The end of the Job Retention Scheme is expected to coincide with deep job losses, pushing unemployment towards levels not seen since the 1980s and the risk of permanent labour market scarring. How can we avoid it?

We are very grateful for contributions from Amber Rudd, Former Secretary of State for Work and Pensions, Steffan Ball, Former Chair of the Council of Economic Advisers to Philip Hammond and Tony Wilson, Director of the Institute for Employment Studies.