Nearly 200,000 people aged 50 and over have dropped out of the workforce and become economically inactive since the coronavirus outbreak began, according to analysis.
Rest Less, the membership community connecting older people with job opportunities which carried out the research, said the impact of the pandemic on the job market would “leave a permanent scar on this generation and their employment prospects”.
One woman in her late 50s, who is a highly-skilled project manager, said she was struggling to find work and feared the job market would become even more competitive in the aftermath of the pandemic.
The Government’s furlough scheme to protect jobs during lockdown is being tapered off this month before it ends completely in October, leading to concerns about job losses. But Chancellor Rishi Sunak has so far resisted calls to extend the scheme, which has already cost nearly £34 billion. “I’m losing hope as my prospects aren’t likely to improve in the short-term as more and more people compete for the same jobs, especially when there are so many young people looking for work now too,” she said.
ExcludedUK is a newly formed non-profit NGO and serves as a collective platform for those entirely or largely excluded from the UK Government's Covid-19 financial support measures. We are a rapidly growing organisation and an inclusive community, representing a broad spectrum of individuals and businesses, but all sharing one common thread: we are excluded.
As an organisation we will play a crucial role in facilitating support and assistance on multiple levels, both for now and into the future.Our aim is to build a stronger platform, raise awareness, lobby for support, raise funds for legal challenges and help enable the changes that are needed for those excluded.Most importantly, our hope is that our efforts can help propel affected individuals and businesses forward in the face of adversity resulting from Covid-19 and being excluded from Government support, while equally ensuring we are all able to help each other emerge from this crisis.