It comes after the Office for Budget Responsibility warned that the UK could see over 2 million unemployed earlier in April. The Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) said a new social contract was needed to address widespread economic insecurity in the wake of the pandemic.
Their analysis revealed the areas most and least vulnerable to job losses caused by COVID-19.
It showed that a high proportion of jobs in hospitality, retail and tourism will be most affected.
The report said Richmondshire in North Yorkshire tops the list of areas most at risk, with its large tourism and hospitality sectors meaning 35 percent of jobs are under threat.
Areas in the North and Midlands, the South West of England and parts of Scotland and Wales make up the rest of the list.
Those with the highest proportion of jobs in the knowledge economy, which can more easily be done from home, are said to be least at risk.
These are heavily concentrated in London, Oxbridge and the Home Counties.
But in these areas, one in five jobs is still put at high risk by the RSA.
Mr Lockey also added that there needs to be a reform in how joblessness is handled.
He added: “COVID-19 only highlights the need for a welfare state which addresses the economic insecurity felt by growing numbers of people in the UK.
“We need to see the state providing more unconditional support to a greater number of people, as well as funding personal learning accounts to support retraining throughout the crisis.”
A Treasury spokesman said: “The Chancellor has outlined an unprecedented package of measures to protect millions of people’s jobs and incomes through this crisis.
“That includes covering 80 percent of staff wage costs, up to £2,500 a month, for businesses hit by COVID-19.
“More than 500,000 claims have already been made under the scheme, protecting millions of jobs across the UK.”
Chancellor Rishi Sunak announced the unprecedented furlough scheme on March 27.
Published at Mon, 27 Apr 2020 03:02:00 +0000