Revealed: Areas of the UK likely to be hardest hit by coronavirus job losses | ITV News

Data obtained by ITV News has revealed the crippling impact coronavirus is likely to have on towns and cities across the UK.

With the full winding down of the furlough scheme by October, more than seven per cent of the UK’s workforce could be unemployed by the end of the year, according to the Bank of England.

But forecasts by the Joseph Rowntree Foundation predict the potential peak unemployment rate of up to 21% in some areas across the country by the end of 2020.

And while all sectors are going to be affected, some areas will be worse hit than others.

For example, seaside towns have a higher number of tourism and hospitality jobs, sectors which have been particularly hard hit by Covid-19.

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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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