Closing furlough scheme could lead to 10% unemployment - reportpublished at 14:20 British Summer Time 28 July 2020
Closing the UK government scheme which is paying furloughed workers' wages is a "mistake", according to research.
The National Institute of Economic and Social Research (NIESR) suggests it could push unemployment up to 10% this year.
The latest furlough figures show 9.5 million people are using the scheme, external, the same as a week ago, and at a total cost of £31.7bn to the Treasury.
The scheme will come to an end in October but Garry Young, NIESR deputy director, said that ending it could be a mistake.
"The scheme was intended by the chancellor to be a bridge through the crisis and there is a risk that it is coming to an end prematurely," he said.
Chancellor Rishi Sunak has apologised for not being able to save every job and said that eight months "is a generous and long period of time".