700,000 jobs could be axed as furlough scheme comes to an end

// The end of the furlough scheme could result in 700,000 jobs losses
// Some of the largest retailers have announced thousands of cuts, including Marks and Spencer and John LewisNew research has found that a total of 700,000 jobs could be scrapped as the government’s coronavirus job retention scheme draws to a close.
The Institute for Employment Studies estimated that there will be 450,000 job losses in the coming months and warned it could exceed 700,000 if employers continue to make red